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30 Aug
10:36

Italian scrap falls

After losing €10/tonne ($11/t) in July, Italian domestic scrap prices have declined by a further €5-10/t in new September contracts, market participants tell Kallanish. As scrap merchants try to keep stable values in the current negotiations, mills are trying to reduce their purchasing prices due to weak activity in domestic finished products markets and recent falls in Turkish scrap import prices. For the moment, prices remain relatively …
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