05
Jul
10:38
Beltrame halts European lines on costs, increases prices
Italian merchant bar producer Beltrame is stopping its merchant bar production in Europe. The steelmaker is idling lines in Italy and France due to unsustainable cost of production, a source at the company tells Kallanish. The merchant bar production line in Switzerland, where the company produces mostly rebar, will also be idled.
Expensive energy, particularly in Italy, and high scrap and raw material prices, coupled with lower European consumption are beginning …
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Anonymous
Very good overview of the weekly steel market.
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