29
Sep
10:37
Italian scrap falls silent
The Italian scrap market is said to be extremely quiet this week as some mills are not receiving material or purchasing, instead deciding to adopt a wait-and-see attitude. This comes as a response to merchants’ requests for a €5/tonne ($5.8) increase for October contracts, Kallanish learns from market sources.
Mills intend to confirm September prices for deliveries in the first two weeks of October. However, news of the latest Turkish scrap downturn is …
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Anonymous
Very good overview of the weekly steel market.
Anonymous