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20 Mar

Benelux scrap prices struggle to hold despite costs

Scrap prices in the Benelux are seen sliding amid weak export demand and price pressure. Benelux exporters’ dock prices were mostly at €365-375/tonne ($390-400) delivered on Monday. European scrap exporters, who were quoting at $460/t cfr Turkey at the beginning of last week, are seen to have offered discounts later due to Turkish buyers’ lacking interest. Most exporters’ offers decreased to $450/t cfr for HMS 1&2 80:20. Although there…
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