Italian longs output falls after long uptrend

Italian crude steel output increased again in October after rising in previous months, according to data issued by local steelmakers association Federacciai.

Last month, crude steel production rose by 4% year-on-year to 2.2 million tonnes, Kallanish notes. Output also hiked in the first ten months of the year, by 24% on-year to 20.7mt.

Italian flat steel production rose by 18.3% to 1mt in October, and by 18.7% to 9.2mt in the first ten months of the year.

Longs output however decreased last month by 1.3% to 1.2mt, but rose by 25.5% to 11.5mt in January-October, Federacciai says.

Natalia Capra France