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07 Nov

Italian scrap flattens

Italian scrap prices are mostly stable this month compared to October, with some grades ticking up by €5-10/tonne ($5.3-10.6) depending on needs and availability. Steelmakers will continue to implement production cuts to balance demand and supply this month. The market is witnessing a wave of price increases for long and flat products, with some purchases being made for year-end delivery, market participants tell Kallanish. Due to the manufacturing sector&r…
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