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20 Oct

Italian wire rod prices decline

Italian wire rod prices are forecast to decrease in the coming days due to the persisting market deadlock. Values are weakening as sources in the market observe a strong consumption decline, market participants tell Kallanish. Drawing mills continue to implement production stoppages due to the weak demand from end-users. Domestic producers are also reducing output to balance demand and supply. In November more production stoppages and shift reductions are being co…
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