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22 May

Spanish scrap market expects price correction by June

The Spanish scrap market expects a new downward adjustment towards the end of this week. The level of demolition quality grade E3 was the first to fall, by almost €10/tonne ($10.8) on Friday, and local market players assume the other categories will soon be affected by international market volatility. Similar moves were already witnessed in France, the Benelux and Italy.    There is a scarcity of material on the market. "The problem is that the…
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