14
Sep
12:45
Italian longs market stand-off continues
The Italian longs market remains uneventful, as the wave of increases announced by producers in September have not spurred any additional demand. Sales activity for merchant bar, wire rod, and sections remain slow. All steelmakers are stopping their plants on alternate weeks due to the prohibitive cost of energy and to balance demand and supply.
Service centres and distributors are resisting new increases as the high prices are not being accepted by the final cust…
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Anonymous
Very good overview of the weekly steel market.
Anonymous