FROM THE 26TH JANUARY INTELLIGENCE REPORT:
Paper grades tumbled in value this week as a range of factors combined to push prices lower. While plastics and most metal grades were stable, there was a £10 fall for ferrous grades. As mentioned on the previous page, the pound reached $1.43 this week, dropping to $1.42 at the time of writing. The impact of this has been to make UK material much more expensive on the international market (those that purchase in dollars at least - a euro that has only slightly risen has meant not too much change . . .
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