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11 Jul
16:17

Italian coil market continues to drag

Coil prices in Italy have remained relatively unchanged in a market that is showing no signs of improvement for the near future. Steelmakers are quoting at €650-670/tonne ($706-728) base delivered; nevertheless, they are receiving a flat rate in deals of €620-630/t base delivered ex-works, Kallanish notes. End-users are operating at decreased levels. The economic weakness is having a significant impact on carmakers in Italy, who are delaying purchas…
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