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15 May

Italian stainless scrap values hike

Italian stainless steel scrap prices are increasing this month by €30/tonne ($32) on short availability and see-sawing raw materials, sources tell Kallanish. Scrap merchants report high prices for procuring 304 and 316 grades, and slow demand from long product mills given their weak order books. One long steelmaker is expected to come back to purchasing this week but volumes remain limited. In May, Italian contracts for domestic 304 are hovering at €1,4…
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