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06 Nov
09:55

Italian wire rod producers attempt to raise prices

Italian wire rod producers are seeking a €10/tonne ($11/t) increase month-on-month as prices have ceased to fall. The move is in line with increasing domestic scrap prices, market participants tell Kallanish. Competition from cheaper imported material remains strong and is continuing to affect domestic sales, activity in which remains “… extremely challenging” this month, one source suggests. As happened in October, buyers …
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