The Italian stainless steel scrap market has reached a standstill as transactions remain at a minimum and for very low tonnages only, sources tell Kallanish.
While one mill is not purchasing scrap in July and August, others are requiring small volumes, such as one truckload. As they are not in need of material, they continue to bid at low prices that are being refused by sellers. A similar situation is reported in other European countries where weak finished long …
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