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Northern European wire rod prices have decreased rapidly this week, after two weeks of stabilisation, due to low demand and further scrap price reductions in Europe. Most sources expect further rod price falls by the end of the month. “Prices are down by €120-150/tonne ($126-158/t), because most [buyers] continue to buy only small batches due to uncertainty in the market,” a supplier tells Kallanish. “Trade remains quiet, despite the traditi…
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