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Italian stainless scrap prices are set to increase in February as some small volume contracts are being implemented at higher-than-December prices. This week, mills and merchants will begin to negotiate February larger volume contracts amongst increasing nickel, molybdenum, and chromium values. In January, stainless scrap prices increased compared to December by over €100/tonne ($111/t), particularly for the 316 grade. This month 316 is expected to go over th…
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