19
May
13:14
Italian wire rod reaches €800
Italian mills’ wire rod quotes are increasing by €100/tonne ($122) on average compared to the beginning of the month. Last week all local steelmakers stopped sales amid the escalation in scrap and other long product prices. Some producers are beginning to quote this week, sources tall Kallanish.
Italian steelmakers are grappling with increasing scrap values and the shortage of new arisings grade E8, which is used to produce wire rod. E8 values in Italy …
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Anonymous
Very good overview of the weekly steel market.
Anonymous