01
Oct
12:04
Automotive scrap shortage widens gap between EU grades
The European scrap market is stagnating, with prices forecast to decrease €15-30/tonne ($17-34) depending on grade. A wait-and-see attitude and slow market are prevailing in France, Germany and Italy, with French and German mills to begin talks for monthly contracts this week, Kallanish notes.
Some long steel mills in Italy are implementing production stoppages, in an effort to adapt output to the current reduced domestic and export demand. Besides slow …
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Anonymous
Very good overview of the weekly steel market.
Anonymous