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Italian steel market faces difficulty in 2012
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It is reported that the Italian steel market has remained uncertain in 2012.
In fact, the country had a great performance in year 2011 compared to the year of 2010.
Italy’s output of ferrous metal castings reached 1.236 million tons in 2011, increasing by 12% year on year. As the same time, the country’s sales revenues for both ferrous and non-ferrous metal castings surged by 20% year on year.
However, the country’s market demand has declined as the main industrial customers including the automotive and mechanical sectors have not replaced orders at this moment.
In the meantime, the raw materials costs have remained high with some uncertainty of global financial problem through year 2012.
News Date
5/30/2012 12:36:09 AM
reported by
Jacky Huang
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