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01 Jun

Italian plate activity goes quiet

Italian plate demand is seen resurfacing in the coming weeks following the low purchases observed in May. As the entire steel market is going through a downturn, with both flat and long steel prices falling, the large plate buyers are putting off their purchases and adopting a wait-and-see attitude. The strategy of buyers who spoke to Kallanish is to keep stocks low or buy small tonnages. Although April and May sales activity was weak, the first five months of t…
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