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24 Feb

Wire rod activity remains stagnant

Demand for Italian wire rod continues to be slow with drawing mills adopting a wait-and-see attitude or ordering small volumes only, market participants tell Kallanish. A producer who idled its plant for upgrades in the past few weeks is now resuming activity, which will mean more capacity in a market already affected by lower consumption. Local values for drawing-quality material are stable at €660-680/tonne ($698-720/t) ex-works, with customers awaiting &eu…
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Natalia Capra  |  France
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