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17 Jan
11:08

Italian rebar activity stagnates

Italian rebar contract prices are proving to be stable both on-month and on-week. This month, demand is quiet. Buyers have decidedly refused the increases implemented by producers before the holiday stoppages. Steelmakers are asking for €400/tonne ($435) base ex-works, sources tell Kallanish, but this level is not being achieved in transactions. Sources report purchasing limited tonnages this week at €350-360/t base ex-works. The level of €370/t is …
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