25
Sep
09:35
Italian market expects further erosion in scrap prices
Scrap prices in Italy are stable compared to last week but they continue to be subject to gradual erosion and are forecast to fall a further €10/tonne ($10.9/t), merchants tell Kallanish.
Demand for material is low and mills are refusing to stock up. Their target for grade E8 new arisings of mixed lower quality is to reach €220/t delivered with €10/t more being paid for the higher grade. The market is particularly concerned about the latest German…
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Anonymous
Very good overview of the weekly steel market.
Anonymous