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08 Jun

Italian stainless scrap declines sharply

Italian stainless steel scrap prices are plummeting versus May, by over €250/tonne ($267) on average. Grappling with heavily reduced sales of long and flat products, local mills are ordering less material this month and reducing output, sources tell Kallanish. Italian stainless steelmaker Acciai Speciali Terni (AST) cut output for two weeks in May and is mulling more stoppages in the coming weeks. Another producer is said to be implementing temporary lay…
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