20
Jun
08:56
Italian plate continues to decline in uneventful market
The Italian heavy plate market continues to stagnate, but the distributors who are well-stocked tell Kallanish there is some activity. End-users are only purchasing very small quantities to satisfy their orders, but large distributors in Italy have not yet come back to purchasing, meaning the standoff continues.
Uncertainty is causing all buyers to slow their purchases and focus on reducing stocks, knowing that prices will probably decline further. One buyer says …
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Anonymous
Very good overview of the weekly steel market.
Anonymous