08
Oct
10:26
Italian stainless scrap prices dip on low demand
Italian stainless steel scrap prices are losing over €100/tonne ($109/t) in new contracts. This development is stronger than was expected, merchants tell Kallanish.
This is happening despite the continuing increase in nickel prices and is due to poor demand from mills for the material. A similar effect is also being witnessed in other European countries. The European stainless steel market is experiencing a significant downturn which is forecast t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous