Italian long products are expected to increase a further €50/tonne ($54/t) in April contracts. Between this week and next, merchant bars, sections and wire rod prices are seen hiking in line with domestic scrap, which is also forecast to increase in April, distribution sources tell Kallanish.
Apparent steel demand, or buying to fill stocks, has returned to the market after over a year’s absence during which much business was done back-to-back. In March,…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.