Italian scrap demand is spiking, driven by supply shortages and low scrap stocks at several mills’ yards. Prices are increasing significantly, by €20-30/tonne ($21-32) compared to the contracts implemented at the beginning of the month, Kallanish notes.
The market is now at a standstill. Some large merchants are not quoting. Although they are rushing to procure as much material as they can, collection is being limited by reduced availability. Suppliers …
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