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04 May
12:36

European scrap seen increasing €40

European scrap prices are about to increase significantly as merchants are beginning to ask for €20-40/t hikes in Italy, France and Germany, depending on grade and availability, sources say. The market is being pushed by the latest scrap price increase announcements from large steelmakers for May. One northern European steelmaker is said to be offering a month-on-month increase of €40/t ($48) for the high-quality grades of new arisings E8 and shredded E4…
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