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20 Mar
11:21

Southern European apparent longs demand to resurface: mills

Apparent demand for long products is seen recovering slightly in the second quarter in southern European countries such as Portugal, Italy, Spain and Greece, while real demand should remain depressed, mill sources believe. Apparent demand for wire rod, merchant bar, rebar and sections is seen resurfacing a few weeks after Easter, given international scrap prices have stopped dropping. Sources who spoke to Kallanish believe scrap values will stabilise in the coming…
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