04
May
14:29
Italian distributors hope price correction restores market confidence
Sluggish sales activity is continuing this week for all Italian coil derivatives and long products, distribution sources tell Kallanish.
Demand for some longs appears to be frozen. Rebar and merchant bar are declining in the latest contracts by some €30/tonne ($31/t) from the high point of the range seen last month. Slow demand in April has continued into May, with scrap prices in Europe forecast to decrease by €80-100/t this month, while coil prices rem…
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Anonymous
Very good overview of the weekly steel market.
Anonymous