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07 Jun

European scrap prices move down less than expected

European scrap prices are preparing to fall by €25-30/tonne ($26-32). The exception is Italy where values already fell by over €100/t in May and are continuing to decline only slightly for June contracts, by €10-15/t month-on-month. Some grades, however, such as shredded E40, will decline by less than others due to short supply, sources tell Kallanish. June contracts in Europe are being negotiated this week and the situation will be clearer by the e…
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