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28 Jun
15:00

Italian scrap prices decline slightly

Scrap prices in Italy declined last week, with certain mills lowering their purchasing values by €5/tonne ($5.3) on-week and others adopting a wait-and-see attitude. One producer plans to lower its prices in July by €10-15/t, but supply is scarce and merchants are putting up resistance. Domestic E8 mixed grade is priced at €370/t delivered for certain contracts; however, it is also being delivered at €365/t. The price of the high grad…
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