Spanish ferrous scrap prices rise as lockdown eases
Ferrous scrap prices rose in the Spanish domestic market as the government began to ease lockdown restrictions yesterday to allow workers in manufacturing, construction and some other industries to return to work under strict safety guidelines.
Many domestic scrap suppliers confirmed that some mills have already accepted price increases of €10-20/t because of low availability. Scrap collections from some sectors were virtually brought to a halt during the lockdown and lowered scrap flow by 50-75pc from last year. And many suppliers will only operate at a reduced capacity in the coming weeks.
"Our yards are almost empty and we are expecting to run at no more than 30pc of capacity for the first few weeks," one supplier said.
"It is too early to say when we will resume at full capacity. Strict measures are still in place and we also have to convince our workers that it is safe to work in our yards," another supplier said.
New delivered to mill prices for shredded scrap were heard mostly at a minimum of €220/t this morning. Many suppliers indicated that they will require another increase of €10-30/t in the coming days.
The Argus monthly Spanish domestic delivered to mill assessment will be published tomorrow.
By Chi Hin Ling
source: Argus Media
Top News
Five last month
Two last year
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Glencore posts lower metals output for first nine months, reiterates outlook
Mercuria eyes equity in African assets, new metals boss says
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Traders see gold as a surefire bet as coin-toss election looms
Gold price surge adds glitter to tarnished miners
Environmentalists sue over US approval of ioneer’s Nevada lithium mine
Gold price shows little reaction to jobs data
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years