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Ferrous metals - 11 January 2013

Ferrous metal merchants in the UK will not be looking back to 1 January as the start of a bright New Year. Instead, 2013 arrives as nothing more than an extension of a time in which they are plagued by raw material shortages and ever-diminishing economies of scale. Supplies of new production scrap ex factories remain scarce, supplies of heavy demolition type scrap are also scarce and many shredders will lie idle for up to half the month due to a shortage of mixed and lighter grades. ...