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18 Apr

Italian rebar flattens, long producers prepare for increases

Italian rebar prices are flattening week-on-week as the latest effort by local producers to implement an increase was not successful, market sources tell Kallanish. Rebar makers were seeking €30-40/tonne ($32-42) increases ten days ago but the stagnating market and low consumption caused values to remain stable. The increases have had the effect of at least stopping the price decline. Producers are asking approximately €330/t base ex-works. Domestic valu…
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