Italian scrap demand is stirring and prices are changing direction. After the steep fall in January values, domestic material is now going back to the high levels of December. Prices lost €50/tonne ($56) on average this month but are now recovering €50/t in the first agreed contracts for February delivery, Kallanish hears.
After the initial quiet, mills are now demanding scrap. Availability remains limited of good quality material, such as E8 new arising…
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