07
May
11:26
Italian rod producers stop sales amid price escalation
Italian wire rod producers have stopped sales amid strong demand from Italy and other European countries and fast increasing prices, sources tall Kallanish.
The domestic price for wire rod has been escalating in recent days. Transactions are reaching €690-720/tonne ex-work after producers pushed up prices to €700/t ($846) last week. Scrap prices in Italy are jumping by an average of €30/t versus April and all long products are hiking accordingly. An…
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Anonymous
Very good overview of the weekly steel market.
Anonymous