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23 Mar

Italian longs prices stabilise, March volumes low

This week, Italian long steel prices are flattening amid uncertainty and quiet demand. Market participants are particularly concerned about the current banking sector woes, with buyers adopting a wait-and-see attitude. While energy costs are now lower than last year, financial costs are soaring. Distributors continue to deal with lower consumption, particularly for merchant bar, wire rod and rebar, sources tell Kallanish. Merchant bar producers are mulling price …
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Natalia Capra  |  France
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