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05 Oct

Western European scrap prices seen declining slightly

French, German and Benelux scrap prices are seen declining slightly this month, mostly due to the downturn in finished long and flat products markets. Some grades may however stabilise, depending on each mill’s needs and availability of those grades. Sales activity for finished product continues to be quiet but scrap availability remains low. “High interest rates are having a strong impact on inventories. Producers are facing high inflation coupled wit…
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