19
May
11:40
Italian longs quiet persists, buyers forecast steep falls
Italian long steel activity is at a minimum, with sales volumes low and prices slightly declining. However, merchant bar values have kept relatively steady and no collapse has happened despite the slow market, Kallanish notes.
Low trade volumes were reported in April and May for merchant bar, with buyers only purchasing back-to-back. The Italian market is moving towards a significant price fall across all steel products, with buyers refusing to stock up. Small mer…
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Anonymous
Very good overview of the weekly steel market.
Anonymous