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29 Nov

Strong Italian scrap demand, high prices continue

Italian scrap demand continues to be high this week, but several large merchants are retaining material. This is due to stock management for year-end book-keeping reasons and is adding to the pressure from lower collection rates registered all across Europe in recent months. Domestic prices are increasing with each new contract. Several mills are looking for E40 shredded, which not all merchants are selling at present. This grade is registering the highest increas…
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