Italian stainless steel mills are expected to lower their scrap purchasing prices in September. The anticipated reduction, estimated to be around €40-50 per tonne ($43-54), is attributed to a decline in raw material costs and a decrease in demand for finished long and flat products.
The consumption of these products remains subdued, prompting some long product producers to extend their summer shutdowns and delay deliveries. This move reflects the current market conditions and the mills’ strategy to manage costs and inventory effectively.
