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12 Apr

Shortages prevent Italian mills securing lower scrap prices

Italian contract prices for scrap imports from other European countries such as France, Germany, Austria, as well as from Eastern Europe are forecast to remain flat this month compared to March. Minor increases are possible for certain grades in short supply. Mills initially desired a decrease in domestic and import prices. However, European sellers have made it clear that any decrease will be unacceptable because of scrap shortages in Europe and increased tariffs…
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