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18 Jan
12:16

Italian scrap prices stabilise after mild increases

Italian scrap prices are stable this week after increasing by up to €10/tonne ($11) earlier this month. The mills that have full scrap yards and do not need to purchase large volumes have reduced scrap purchase list prices for the grades they need the least. Mills reducing prices are however in the minority, Kallanish notes. There is a general resistance from mills to granting any more price increases and the market is looking at Turkish purchases for guidanc…
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