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12 Jun

Italian plate prices weaken amid slow activity

Italian heavy plate prices are lowering slightly by €10/tonne ($10.7) month-on-month, surrendering the high point of the range seen in May. This is driven by poor market activity and large buyers remaining on the fence. Sales are back-to-back and no restocking is forecast in the near term, sources confirm to Kallanish. Large buyers however have purchased on the import market and continue to buy limited volumes locally in line with the distribution sector &ldq…
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