Jul 09, 2008,Wednesday   US$1=RMB6.8586  
Iron Ore
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Most UK Scrap Prices Head Downwards, but Some Go up     Italy's Scrap Market is Stabilizing     India: Pig Iron Attracts Highest-Priced Bid of US$835/ton     Turkey: Scrap Market Slows down and Buyers Wait     Japan: Tokyo Steel Ups Scrap Buying Prices by Y1,000/ton at Three West Works    
 
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The price of mainstream cut grades of obsolete scrap in the UK has dropped this month, with the bulk of the market registering a GBP20-45/ton (EUR25-56/t) fall against June levels which in turn were unchanged from May. But the picture is not totally straightforward, according to market sources.

Most notable is that low residual grades have moved in the opposi...

 
 
 
 
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