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This month’s significant fall in Italian scrap prices, in the range of €100-130/tonne ($101-131) compared to June, is causing a heavy slowdown in scrap collection. Most mills will idle production already in July to address the issue of overcapacity, Italian steel trade association Assofermet says in its monthly market note received by Kallanish. While scrap stockpiles are increasing at collection hubs, the heavy price decline is causing disruption in th…
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