25
Jun
14:00
Low Italian coil consumption may require production cuts
Italian coil derivative demand remains sluggish, with no signs of recovery. Weak real consumption and lack of restocking are causing growing concern among sellers and buyers of sheet and welded tube.
Despite the price increases implemented by all local re-rollers this month, transaction values have struggled to increase and remain mostly steady compared to the beginning of the month.
Several sources indicate that in a market this weak, there is no alternative but…
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Anonymous
Very good overview of the weekly steel market.
Anonymous