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18 Jun

European stainless scrap prices decline

European demand for 304 and 316 stainless scrap grades is expected to decrease in the coming months. This is due to some European producers opting to purchase slab and nickel pig iron from Asia, as they are available at more affordable prices compared to domestic scrap. Market experts anticipate mils will persist in using lower-cost imported semis and raw materials that are not subject to import duty until the implementation of the Carbon Border Adjustment Mechan…
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