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26 Jan

Italian billet prices increase, market shrinks

Italian billet prices have shot up by €100/tonne ($121) compared to last month, in line with the €100/t January scrap increases and steep long products hikes. The latest transactions indicate domestic material is at €500-520/t ex-works, with new offers reaching €550/t ex-works, Kallanish learns from market participants. The Italian billet market has become almost “…non-existent” in recent years due to long product mills&rsquo…
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