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08 Feb

Italian wire rod stagnation continues

The Italian wire rod market is in a deadlock that has continued over the past five months with some intermittent spells of demand resumption. Economic stagnation and uncertainty are limiting domestic but also import sales, with buyers speaking about a significant consumption reduction after the post-Covid rush, market participants tell Kallanish. Drawing mills and distributors are in no need of material, and falling prices are not enticing them to purchase. Sales …
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