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17 Jun
09:28

European import/export scrap contracts fall

European scrap import/export contracts from France and Germany into Italy and Spain for June are in the process of closing with a €10/tonne ($11.2/t) reduction compared to May, as expected. However, not all contracts have been signed and some may be agreed at -€5/t depending on quality, traders and merchants tell Kallanish. Ferrous scrap export contracts are agreed towards the middle of each month. “Italian mills are working at reduced capac…
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