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27 Sep
10:58

Italian longs' prices steady in sluggish market

After having lost €20/tonne ($24/t) compared to July/August in early September Italian merchant bar prices were stable week-on-week in a difficult and sluggish market, market participants tell Kallanish. Base prices remained at €80/t delivered in Northern Italy last week. This gives a finished ex-works price of €490-500/t, sources suggest. The strong competition from Spanish merchant bar suppliers was still evident during the last seven days …
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