Italian stainless steel scrap prices are expected to decline significantly next month. Values in May have fallen by some €200/tonne ($208) on average. Higher contract prices were agreed in the very first days of May before raw material prices started to weaken.
Sources tell Kallanish that grade 304 will fall to the level of €2,000/t delivered and possibly below, realigning Italian prices with the rest of Europe. May contracts for 304 were implemented at …
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