20
Apr
12:03
Southern European merchant bar to increase again
Italian merchant bar is seen increasing in new May contracts as producers are expected to raise prices again on the back of strong demand from other European markets.
Due to Liberty Steel’s financial troubles, European customers are not buying from its Ostrava mill, thereby taking large tonnages out of the European market. Like last month, Eastern European buyers are focusing on Italian and Spanish producers. Spanish producer Celsa has halted sales and is ex…
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Anonymous
Very good overview of the weekly steel market.
Anonymous