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17 May

Italian scrap market endures steep price decline

Italian scrap prices are moving downwards very quickly this month. Values are declining by some €50/tonne ($54) compared to the beginning of May. The entire flat and long steel complex is preparing for a steep price fall across all products as the reduced consumption observed in recent weeks has pulled down values following their first-quarter uptrend. Most longs mills in Italy seem to have accepted the idea of reducing their prices and are now implementing …
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