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07 Mar

Italian wire rod flattens amid low demand

Italian wire rod buyers continue to shun large-volume purchases due to low end-user demand and uncertainty, market participants tell Kallanish. Prices remain mostly stable on last month, but producers are mulling increases due to hiking values of scrap in Italy. Local drawing-quality material is stable at €660-680/tonne ($703-725/t) ex-works. Customers are pushing to achieve €650/t ex-works but local producers are pushing back for €690-700/t ex-work…
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