06
Oct
11:49
Italian longs market standoff continues on lower consumption
Italian long product markets have remained uneventful this week, with some rebar prices falling and values for all other longs mostly stable.
Merchant bar sales continue to languish. Prices are flat so far on last week but buyers expect some decreases this month. Distributors who spoke to Kallanish report low consumption for merchant bar and some aggressive pricing from suppliers. Steelmakers continue to produce but are mulling some stoppages in October if demand …
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Anonymous
Very good overview of the weekly steel market.
Anonymous