15
Jul
09:28
Weak demand, price pressure plague Italian longs
Poor demand for Italian merchant bar and beams is hampering sales, with July order levels considered weak and declining prices persisting on uncertainty, Kallanish learns from market sources.
While steelmakers have implemented stoppages to address the issue of overcapacity, this has so far not helped support domestic prices. Domestic section prices are losing €20/tonne ($22/t) compared to June. Producers have short delivery times and stocks at distr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous