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27 May

Italian stainless scrap seen hiking

Italian stainless steel scrap prices are seen increasing next month by some €50/tonne ($54), on short availability and higher raw materials prices, sources tell Kallanish. Demand is at average levels for 304 and 316 grades, but low consumption by long product mills will persist in June. Contracts next month for domestic 304 are seen reaching €1,550/t delivered, on average, while 316 is forecast to reach €2,550/t delivered. Low demand continues for …
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