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08 Apr
10:11

Export demand tightens Italian merchant bar supply

Italian merchant bar quotes and transaction prices are increasing again as some steelmakers are halting sales of higher grades. The product is going through a phase of strong demand and vigorous sales, sources tell Kallanish. Buyers say they are noticing an increased level of “rigidity” on the side of producers in negotiations. Liberty Steel’s financial woes have hit output at its Ostrava facility, taking large tonnages out of the European market…
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