04
Apr
14:57
Italian stainless scrap prices stabilise
Italian stainless steel scrap prices are flat on-month despite expectations of increases, sources tell Kallanish.
Scrap sellers continue to report tight margins and high prices for purchasing 304 and 316 grades. Demand is at good levels from the main coil producer but long steelmakers are buying very little. One longs mill is currently reducing output to balance demand with supply and laying off workers due to weak downstream consumption. Coil orders, however, are…
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Anonymous
Very good overview of the weekly steel market.
Anonymous