Italian steel scrap prices drop in line with global trends
Italian ferrous scrap prices have significantly dropped so far in May on the downtrend in the Turkish and global scrap markets, a “hard situation” in sales of steel rebar, and a continued strong cutback in car output because of component shortages, market participants have told Fastmarkets.
Steel producers in Turkey stayed away from the deep-sea steel scrap import markets during the second half of the week ended Friday May 13 due to a sharp downturn in...
