Spanish scrap prices continue to rise, reaching a new increase of €15/tonne ($15.96/t) in the second week of April, according to market sources. This follows a trend of rising scrap prices since the beginning of the month, with the potential for further increases in the coming days. The large steel mills in Spain have reportedly emptied their reserves, while the material available across Europe is also being closely watched. The rise in scrap prices is expected to have an impact on the production costs of steel in Spain, potentially leading to higher prices for finished steel products. The situation is being closely monitored by market participants, who are looking for signs of a correction in scrap prices.