20
Sep
11:34
Italian longs' demand weakens, prices fall
Italian merchant bar prices are losing €20/tonne ($22/t) compared to July/August. This in line with the current downturn in the long products’ markets in the country and lower scrap values, market participants tell Kallanish.
Base prices start at €70/t ex-works and reach €80/t delivered in Northern Italy. This gives a finished ex-works prices of €490-500/t, sources suggest. Strong competition from Spanish merchant bars is…
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Anonymous
Very good overview of the weekly steel market.
Anonymous