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17 Nov
10:48

Italian rebar activity goes quiet after increases

Italian rebar makers’ price increase has not been successful so far with buyers, who are adopting a wait-and-see attitude and refusing to purchase at current mill values of €550-580/tonne ($570-601) base ex-works, sources in the market tell Kallanish. Last week, steelmakers pushed up values by some €70-80/t compared to October levels, while they are now completing deliveries of material sold at the old prices. As nobody has bought at increased valu…
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