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13 Oct

Italian longs forecast to decline further

Italian long products prices are forecast to decrease in the coming days in both contracts and producers’ asking values. According to sources who spoke to Kallanish, a price slide is the inevitable consequence of a protracted deadlock in market activity. Consumption continues to decline this month after a weak September, hampering sales of wire rod, rebar and merchant bar. Prices are flat for these products. However, selling small tonnages at high cost of pr…
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Natalia Capra  |  France
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