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27 Jan
13:14

Italian scrap market enjoys strong demand, high prices

Italian scrap contract prices for February delivery are stable compared to mid-January at high levels. Mills are buying towards the end of the month, rather than adopting their usual wait-and-see stance, in order to ensure material availability next month, Kallanish notes. While flat products are performing well, with apparent demand resurfacing, some long product makers are slower to make scrap purchasing decisions due to sluggish sales of rebar and wir…
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