06
Jun
13:32
Low availability props up Italian scrap prices: Assofermet
Italian scrap prices should decline by no further than €10/tonne ($10.8) on average this month, as local merchants are unwilling to accept any further drops given the low scrap availability afflicting the market.
“Sentiment in these first days of June remains bearish due to poor sales of finished products. However, the continued low availability of scrap will help prevent major declines,” Italian steel trade association Assofermet says in its mark…
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Anonymous
Very good overview of the weekly steel market.
Anonymous