The Italian scrap market is going through a quiet patch. Some mills are now implementing production stoppages until 2 May. In the coming week, the country’s overall production will be at a minimum, with demand for scrap very quiet, Kallanish notes.
This month, prices have been flat or declined by €10/tonne ($1.9) depending on mill and scrap tonnage. Overall, steelmakers have been consuming less scrap than expected. Some steelmakers forecast a further pr…
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