17
Jun
11:58
Italian longs destocking takes toll on prices
The May market lull for long products in Italy is continuing into June with no sign of recovery. The distribution sector remains to be in a wait-and-see mood. Distributors tell Kallanish they continue to buy as little as possible as demand downstream does not signal any recovery.
However, despite uncertainty, some long products’ prices, such as for merchant bar and sections, are holding better than rebar and wire rod for which prices are declining shar…
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Anonymous
Very good overview of the weekly steel market.
Anonymous