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14 Oct

Italian billet weakens, prices approach bottom

Italian domestic billet prices are softening again by €20/tonne ($22/t) week-on-week in line with weakening long products prices and low demand in the country, market participants tell Kallanish. Local material was sold at €365/t delivered ten days ago. It is now at €345/t delivered on average as forecast by buyers. October is proving to be a negative month for both domestic sales and exports of semis in line with the downturn in finished pro…
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