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09 Sep
09:46

Italian HRC seen hiking further

Italian hot rolled coil is seen increasing further this month to the level of €500/tonne ($588), buyers and mills tell Kallanish. Transactions, particularly with re-rollers, have hiked steadily in September, and domestic values are being sustained by the complete lack of imports. Material is being offered from Egypt, India and other Asian countries, but the level of €490/t cfr for November and December shipment is considered unacceptable. As a result, n…
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