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31 Mar

Italian wire rod prices hike

Italian wire rod mills are seeking €30/tonne ($32) price increase for new, April contracts, while transaction prices are also slightly increasing amid uncertainty. Asking prices are moving up from €690-700/t ex-works for drawing-quality material to €730/t ex-works. Values somewhat ticked up last week but demand is considered slow and sales volumes low compared to the first quarter last year. Purchases continue to happen back-to-back but frequently, …
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Natalia Capra  |  France
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