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10 Oct
11:54

Italian stainless scrap prices fall in new contracts

As expected, prices for stainless scrap in Italy are falling in new contracts after protracted negotiations. This is happening in a difficult European market for stainless steel finished products for which both sales and prices are falling, Kallanish hears. Grade 304 material without blend has reached €1,100/tonne ($1,264/t) delivered on average, a month-on-month fall of over €70/t compared to the beginning of September. While merchants …
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