After halting sales last week, Italian rebar producers are pushing up their prices by some €70/tonne ($74) on-month for new contracts. This follows the strong decline in domestic values registered in May.
Producers are asking for between €430-440/t base ex-works from this week, but sources who spoke to Kallanish believe that, with demand shrinking, contract values will barely increase. The move is simply aimed at stopping the price landslide seen in rece…
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