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19 Jan
12:56

Italian stainless flats market continues to drag

Stagnation is persisting in the Italian stainless flat steel market in the first month of the year. Service centres and re-rollers are seeing a prolonged negative performance for finished product sales. Consumption is not forecast to improve in the first quarter, sources tell Kallanish. Demand downstream remains weak, as do prices for coil derivatives. Coil values are now beginning to descend, despite mills trying to keep values high due to elevated production cos…
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