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25 Apr

Spanish steelmakers lower scrap buying prices

Spanish scrap prices reached new lows at the beginning of this week. New E8 quality has fallen by almost €35/tonne ($38.6/t) since the return of market activity after Easter. Local market participants tell Kallanish the decrease was driven by a decline in the global market and lower finished steel demand in Spain. “Over the last ten days, most steel mills reduced buying material while waiting for new market adjustments to be confirmed,” a local so…
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Todor Kirkov  |  Bulgaria
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