Boxing periodical that may be salvaged (5,5)

I believe the answer is:

scrap paper

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'boxing periodical that may be salvaged?' is the definition.
The definition suggests a singular noun which matches the answer.

This is all the clue.

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(Other definitions for scrap paper that I've seen before include "somewhere to make notes" , "What shamefaced News International decided to do" , "Make jottings on this!" .)

I've seen this clue in The Globe and Mail.

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