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02 Feb

Italian scrap shows stability, some February increases expected

The first few Italian scrap contracts and negotiations for February delivery indicate stability and some increases of €10/tonne ($10.9) for demanded grades such as chiselled E1 and demolition E3. These are reported to be in relatively short supply, Kallanish notes. Demand is considered to be at good levels despite the uncertainty hovering over finished long products, sales of which are slow. In other countries, such as France and Germany, there are expectatio…
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