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18 Mar
09:58

Demand booms for Italian wire rod, prices balloon

Italian wire rod prices are increasing by over €100/tonne ($110) compared to the beginning of the month. Procurement issues however continue to plague the sector as buyers are competing for material, with sellers reporting a strong level of demand. With imports at virtually zero and production in Italy hampered due to disruptions in raw materials deliveries from the CIS, customers are eager to replenish their stocks and accept any price increase, considering …
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