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20 Jul
10:48

Italian wire rod prices decline on import pressure

Italian wire rod prices are decreasing, mostly due to pressure from competitive import offers from countries within and outside the EU. Producers, however, are defending the level of €850/tonne ($1,002) for drawing-quality material despite the difficult sales activity. Demand has slowed significantly since steelmakers pushed up prices again this month to €870-880/t ex-works, market sources tell Kallanish. Producers are now selling for August delivery and…
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