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19 Apr
13:29

Italian wire rod domestic sales weaken

Italian wire rod market activity remains slow this week, with few sales and customers adopting a wait-and-see attitude. The price asked by steelmakers of €1,200/tonne ($1,294/t) for drawing-quality material, is said to be hard to achieve despite some sales reported at this level Sales activity this month is also slowing down for wire rod mills and distributors. Distributors  tell Kallanish their customers are beginning to refuse the high prices and uncer…
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