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11 Sep
09:33

Italian scrap prices tumble

Italian domestic scrap prices are tumbling as contracts are being signed for very low volumes, market participants tell Kallanish. This is in line with falling prices for all steel products in the country and the downward trend in Turkish scrap prices. Most mills have slashed €20/tonne ($22/t) compared to last month’s purchasing prices and €30/t for new arisings. Some mills however have not yet requested material in September. Sales volumes …
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