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27 Mar

Italian scrap prices to decline

Italian scrap prices are beginning to decline amid the international pricing downtrend linked to slower Turkish scrap purchases. Some mills in Italy are communicating €10-20/tonne ($10.7-20.5) declines for new contracts compared to the beginning of the month, with delivery in early or mid-April. Demand for demolition grades E1, E3 and shredded E40 remains strong, market participants say. For the moment, deal prices are stable. E3 and E1 remain at €390-4…
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