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14 Jan
12:05

Italian wire rod prices hike

Italian wire rod prices are increasing this month by €50/tonne ($57) compared to December mostly due to hiking energy costs, which are particularly strong in Italy, market participants tell Kallanish. Buyers are adopting a wait-and-see attitude and complain about the slowdown in downstream activity. They doubt they will manage to pass the increases on to end users. Sales activity remains sluggish in a market that seems paralysed for all steel products in Ital…
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