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30 Jan

Italian wire rod weakens in stagnating market

Stagnation and uncertainty continue to hover over the Italian wire rod market, which is plagued by slow orders and falling prices, market participants tell Kallanish. Drawing mills and distributors forecast prices in Europe to continue to decline in February and see a “normalisation” of their sales in the post-Covid era. They continue to purchase very small volumes, believing values in Europe must drop significantly for demand to restart properly due t…
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Natalia Capra  |  France
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