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14 Dec

Italian merchant bar deadlock continues

Italian long products sales activity continues to be slow this month. Buyers are refusing to purchase product, particularly merchant bar, and have only bought limited quantities this month, sources tell Kallanish. Merchant bar prices remain on a declining trend. Contract values lost some €50/tonne ($53) compared to November and buyers believe the fall will continue in January. According to one source, unless prices fall much further below the level of €1…
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