Spanish mills lower ferrous scrap bid prices again, scaring off exporters

Nov 02, 2011 | 07:01 AM |

Spanish mills have lowered their bid prices for imported ferrous scrap in the past week, as they look to pick up small tonnages of material at discounted levels, market participants told MB. With ArcelorMittal recently shutting two electric arc furnace (EAF) operations in Spain (Sestao and Madrid), and other mills in the country suffering from poor demand for finished steel within Europe, demand for....

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