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13 Mar

Italian plate prices flatten

Italian plate transaction prices remain flat compared to the beginning of the month. Sales this month are slower as the large buyers purchased sizeable volumes in February, Kallanish learns from market participants. Plate re-rollers are quoting €960/tonne ($1,024) for the basic S275 grade and €1,010/t for the higher 355 grade. Lead times continue to extend to end-April and May for some steelmakers. Domestic contracts are flat at €920-950/t ex-works …
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