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27 Jun

European longs restocking could trigger hikes, market uncertain

Central European construction steel market participants note prices of rebar and wire rod have reached rock bottom. Some small increases could be announced, but the market remains challenging. “This is generating some timid requests for re-stocking and if mesh prices do not fall any further – which appears impossible given the low values reached – then the wire rod market could also gradually resume some volumes of purchases in the coming weeks,&…
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Natalia Capra  |  France , Emanuele Norsa  |  Italy
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