26
Apr
14:45
Italian scrap prices seen falling in May
Italian scrap prices are seen decreasing in May. Mills intend to purchase material at an average €50/tonne ($53) lower compared to April and are not requesting large volumes. Many are currently idling production during energy peak hours to save on energy bills.
This coupled with uncertain demand for long and flat products is making mills cautious with their raw material purchases, Kallanish learns from market participants.
Prices are effectively declining i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous