24
Jun
13:18
Italian scrap market rise comes to a halt
Italian scrap prices are flat compared to last week, but the market is reaching a standoff as mills are beginning to refuse offers. The price craze seen in recent weeks is cooling down. Almost 100,000 tonnes of seaborne imported scrap will reach Italian ports in July, sources tell Kallanish.
Prices for July are expected to remain elevated but flatten and lose momentum. However, a shortage of high grades, such as new arisings E8 and shredded E40, remains in both no…
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Anonymous
Very good overview of the weekly steel market.
Anonymous