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05 Oct
11:21

Low coil demand concerns Italian market players

Downstream demand from end-users in Italy is said to be extremely low, Kallanish learns from service centres. Italian coil prices remain unmoved compared to last week in a situation depressed by domestic and international uncertainty, high stocks and low demand, market sources say. Hot dipped galvanized prices are continuing their descending curve due to low demand especially from the automotive sector. Values are hovering around €600-610/tonne ($689.7-701.…
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