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23 Jul
12:40

EU stainless scrap price tension, shortages continue: BIR

Stainless scrap demand is seen remaining strong and a significant price increase may be registered in the next months if European stainless steel producers do not manage to find alternative raw materials. Limited scrap availability and price tension is expected to last till the first quarter of 2022, says Ruggero Ricco, chief executive of Italy-based Nichel Leghe. “There is a tug-of-war between steel mill operators who are reducing the quantities of scrap pu…
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