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08 Feb
07:12

Distribution reports weaker demand in February: Assofermet

After acceptable sales in January, demand from end-users is weak in the first days of February. Buyers seem to be “disoriented” by steelmakers' further price increases despite the contracting levels of consumption. Weak demand is attributable to the EU economic crisis and the conflicts in Ukraine and the Middle East, Italian steel trade association Assofermet says in its market note sent to Kallanish. EU steel prices are supported by the strong lim…
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