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28 May
10:09

Italian scrap is seen declining in early June

After having fallen in May, Italian scrap values may lose a further €5/tonne ($5.5/t) month-on-month in June. This happens as merchants and mills are beginning to agree contracts for the first part of June, market participants tell Kallanish. Domestic long products price movements and sales volumes continue to have poor visibility. Local mills’ are requesting material but in lower-than-usual quantities and some intend to keep lower…
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