European prices for stainless scrap are declining this month due to falling nickel values and particularly weak demand for finished products in all European countries. The flats stainless steel market in Europe is going through a stand-off caused by a lull throughout the entire value chain brought about by the unprecedented values of coils.
Italian stainless steel scrap prices are declining by some €500/tonne ($535/t) on average compared to May contracts, and…
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