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05 Jun

Italian scrap prices decline

Mills in Italy decreased scrap buying prices by €10/tonne ($10.8) for new, June contracts last week, and intend to continue lowering their values by a further €10-20/t this week. The decline is mostly being driven by the subdued performance in finished products markets, Kallanish notes According to some merchants, demand is reduced this month, but so is scrap availability. Scrap shortages persist, in line with other European countries such as France and …
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