12
Oct
10:53
Assofermet sees improved Italian scrap demand, increasing prices
The Italian government’s tax cut to alleviate the burden of energy prices on energy-intensive sectors has resulted in many mills resuming production, thereby boosting demand for scrap, Italian trade association Assofermet says in a market note monitored by Kallanish.
This is causing a slight price increase in the domestic market, by some €15-20/tonne ($14.5-19.4), amid good demand for scrap at the beginning of October.
“The hope of scrap sellers…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous