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01 Sep

Italian longs buyers await guidance in quiet market

The Italian long steel market remains quiet as some mills resumed activity last week and others are restarting production this week. Both mill and distribution sources expect the quiet to persist even as demand returns properly next week. Buyers remain on the fence looking at national and international raw material and finished products trends for guidance, Kallanish notes. No price increases for merchant bar, sections, wire rod and rebar are expected in the comin…
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