03
Feb
10:48
Italian mills seek €50 scrap reduction
Italian scrap sellers and buyers are currently negotiating new contracts. Some mills intend to decrease their purchasing values by €50/tonne ($60), while others are talking about a €30-40/t decrease compared to last month.
Merchants are still delivering material at high January prices. Some mills are bidding for E40 shredded grades at €335/t delivered. Merchants do not consider this price workable and are thus holding on to material. Other mills are…
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Anonymous
Very good overview of the weekly steel market.
Anonymous