Business activity in the Spanish scrap market is still very low. Demand from steelmakers is weak and scrap suppliers are inactive,too. Mills are uninterested in purchases of new scrap seeing non-existent demand and bottoming prices for finished products.Moreover, many mills are planning to suspend operations for 2-3 weeks, so the situation of scrap suppliers will not improve in thenear future, taking into account mills. sufficient stocks of the material. Scrap suppliers, in turn, are unwilling to sell at prices thatlow, so the supply is minimal. Most of them prefer to hold on to their scrap waiting for better market. Therefore, prices are nominaland remain stable.
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