24
Jul
16:09
Italian longs prices flatten in quiet market
Italian merchant bar prices remain stable on-week. Sales have nevertheless failed to pick up in July after a lack of demand in the first half of the year, Kallanish notes.
Based on reports from various buyers and sellers, it appears the consumption crisis in Europe has become a long-term structural issue. The current range for domestic merchant bar is at €280-320/tonne ($302-346) delivered. Deals achieving the peak of the range has been a rare occur…
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Anonymous
Very good overview of the weekly steel market.
Anonymous