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15 Sep
10:24

Italian scrap seen increasing despite quiet market

Italian scrap prices are seen rising by a further €5/tonne ($5.9) compared to the first half of the month as merchants are beginning to negotiate with mills for deliveries up to early October. This follows a €10/t uptick this month for local scrap, merchants and mills tell Kallanish. Unlike other European countries, the local market is stalling. Italian steelmaker Arvedi has restarted its main furnace this week after over a month of revamp and is now in …
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