07
May
10:44
Italian scrap prices climb
Italian scrap deal prices are on a rising trend despite some mills’ wait-and-see attitude. Month-on-month increases are now at €20/tonne ($21), meaning Italian domestic scrap is the most expensive in western and southern Europe.
Mills are in need of material and attribute the rising values to short scrap availability. Some merchants who spoke to Kallanish believe levels will continue to climb because of shortages and the high cost of procuring material …
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Anonymous
Very good overview of the weekly steel market.
Anonymous