08
Mar
10:14
Stagnation deepens in Italian longs market
Italian long steel demand and prices continue to weaken in a stagnating market. Market participants are beginning to wonder how long this can last, while some see the need to decrease steel prices further to allow several end-user projects to resume. The state of the economy does not support the current high prices, Kallanish notes.
Merchant bar sales are being concluded every week but only for very low volumes. Producers however prefer to lose orders rather than …
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Anonymous
Very good overview of the weekly steel market.
Anonymous