Italian scrap prices fall on weakness in finished steel market

摘要

Domestic prices for ferrous scrap in Italy have fallen in May, affectedby tough trading conditions in the finished long steel productsmarket, sources have told Metal Bulletin.“Mills struggle to sell long steel products, with the exception ofcouple of special steel producers. And the steelmakers are notexporting as much as usual because of delays with [import] quotaannouncements in Algeria,” a trader said on Friday May 26.Algeria has been a key outlet market for rebar and wire rod fromSouthern Europe, but it has not yet announced import licences for2017.