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The Italian hot rolled coils market remains in a lull this week, with weak demand from re-rollers and service centres. Producers, however, are not in a rush to sell. Italian steelmakers are heavily reducing or shutting down production due to unsustainable energy costs. Acciaierie d'Italia, the joint venture between ArcelorMittal and state-owned Invitalia, is reducing utilisation at its Taranto steelworks. The steelmaker, formerly known as Ilva, mothballed blas…
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