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26 Nov
11:48

Italian import scrap contracts to hike

New December Italian scrap import contracts from other European countries are seen increasing month-on-month by €20/tonne ($23) in line with the increases forecast for other European countries, traders tell Kallanish. This is the consequence of high international demand and increasing rebar export prices and sales, particularly to Turkey. Scrap import contracts are usually agreed between the tenth and 15th day of each month but since December is a short …
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