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18 Feb

Italian billet prices fall

Italian domestic billet prices are decreasing month-on-month, in line with falling values of raw materials and long products, market participants tell Kallanish. From €385/tonne ($416/t) ex-works at the very beginning of the year, local material is now at €360-365/t delivered. Week-on-week prices have lost €5/t. Italian billet is also being offered to North Africa and other Mediterranean countries at €385/t fob. However, a contract is yet to be…
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