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Italian rebar prices are falling further in contracts, by some €60/tonne ($64) on average compared to last week, due to the continued standoff in the Italian steel market. Most producers are now asking for €740-750/tonne base ex-works, down from €810-820/t last week. Some buyers tell Kallanish they are purchasing small volumes at €730-740/t base ex-works. Producers have implemented production stoppages, taking advantage of the 2 June bank ho…
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