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07 Oct

Italian wire rod prices weaken

Italian wire rod prices are mostly stable but values have lost the high point of the range of €900/tonne ($881) seen until ten days ago, market participants tell Kallanish. The price weakness is the result of a continued seller-buyer standoff. Both buyers and sellers are seeing a consumption decline and do not expect demand to improve this month. Distributors and drawing mills are implementing production stoppages. Some buyers prefer cheaper imported materia…
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