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19 Jul

Italian plate continues to decline in quiet market

Demand for Italian plate remains weak this month, but some purchases did take place at the beginning of July to replenish stocks before the August summer break. Local plate producers are cutting output to balance supply with demand but the weak appetite for both imported and domestic material is causing values to continue to decline, Kallanish hears from market participants. Stocks at service centres remain high. They do not see demand resuming from their clients…
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