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14 Apr
10:19

Italian rebar flattens on uncertain market

Most Italian rebar producers have raised their quotes again this week from €870/tonne to €900/t ($975) base ex-works, in order to catch up with the market leader who was at €900/t last week, Kallanish hears. Because of skyrocketing costs of energy and raw materials, steelmakers are expected to maintain high prices in the coming weeks. Demand in Italy however remains unreliable. Some steelmakers are said to have high stocks as a result. Sales execut…
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