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26 May

Italian rod prices decline amid low European consumption

Italian wire rod sales volumes have been particularly slow in April and May. Prices this month have fallen by some €100/tonne ($107) compared to the beginning of May. A similar situation with plummeting prices is happening in other European countries where steelmakers are implementing production cuts to balance demand and supply, with temporary layoffs being used. The entire European market is now facing a “structural consumption decline” which m…
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