09
May
12:15
Spain’s scrap market begins May with price increase
Spanish scrap prices have risen by almost €10/tonne ($10.7/t) since last week. Local market participants tell Kallanish the increase was driven by an improvement in the global market. Domestic finished steel demand, however, remains weaker than expected.
“Most steel mills announced an increase in their purchasing prices last week. This market movement occurred somewhat slowly since the sentiment in most EU markets and Turkey is that values are softening…
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Anonymous
Very good overview of the weekly steel market.
Anonymous