31
May
14:28
Italian merchant bar increases again, export demand strong
Italian merchant bar values are increasing again, by €40/tonne ($48) compared to last week, sources tell Kallanish. As expected, values are now at €470/t base ex-works for June, in line with increasing scrap prices, and contracts are also gradually increasing.
Sellers and buyers expect more increases in June, with the rising trend of Italian long product prices expected to continue.
Including €420 size extras, contracts for merchant bar are now at…
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Anonymous
Very good overview of the weekly steel market.
Anonymous