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Stainless steel scrap prices in France are collapsing this month, by €600/tonne ($614) on average compared to June, Kallanish notes. The tumbling prices and low selling volumes are mainly due to weak sales of finished flat and long products, and French mills' long summer stoppages. The subdued appetite for 304 and 316 is also due to producers having full scrap yards that allow them to continue operations to the end of August. Some mills are paying fo…
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