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04 Feb
12:03

Italian stainless scrap seen rising

Italian stainless scrap prices are expected to move up slightly on hiking nickel prices compared to last month, gaining €30/tonne ($34.3/t) on average in new February contracts that are being agreed now. This applies primarily to the more common grade 304. Contracts for grade 304 are seen reaching €1,000-1,020/tonne delivered this month, up from €960-980/t in January, Kallanish hears from merchants. Prices for grade 316…
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