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07 Apr

Spanish scrap prices soar

Spanish scrap prices have reached new highs following the end of the road transport strike. New E8 quality has risen by almost €70/tonne ($76.17/t) on-week. Local market participants tell Kallanish that such a sharp increase was driven by the need to adapt domestic levels to the dynamism shown by other markets in Europe. “During the last few weeks, traders have been more focused on selling their material abroad, so now they need to balance the domestic …
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