Some apparent demand for welded tube is forecast to resurface in the second half of June as both distributors and end-users in Italy have low stocks and are expected to come back to purchasing. The European market is currently in a deadlock that started several weeks ago, market sources tell Kallanish.
Real demand is also particularly subdued. Discounts are at some 33-35 points in Italy. Values fell significantly in May, in line with dropping hot rolled coil price…
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