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18 Nov
The downturn in the Italian wire rod market continues, with prices weakening by some €50/tonne ($51) week-on-week in a buyer-seller standoff, market participants tell Kallanish. Some customers, such as drawing mills, are implementing production stoppages and temporary layoffs. They point to a serious demand slowdown and depressed consumer confidence. However, in 2022 all players throughout the value chain have posted record financial results, supported by str…
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