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05 Jan

French stainless scrap prices increase

Stainless steel scrap prices in France are increasing by some €50/tonne ($53) month-on-month, less than initially expected. The hike is due to low material availability but also skyrocketing prices of molybdenum and volatile nickel values, market participants tell Kallanish. Activity in France will be at normal levels in January. Mills are paying for grade 304 at €1,480-1,580/t delivered this month. The wide range is due to some producers’ refusal …
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