18
Jul
10:32
Italian longs downturn continues
The downturn of long product sales in Italy is persisting in July as sellers lament low sales volumes and only back-to-back purchases.
Sources tell Kallanish prices for merchant bars decreased strongly over the past weeks, by some €80/tonne ($81) compared to June. Lack of apparent demand and low volumes are responsible for this month’s early production stoppages across all merchant bar producers. At present, domestic contracts hover at €700-75…
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Anonymous
Very good overview of the weekly steel market.
Anonymous