12
Jan
17:40
Buyers criticise annual EU coil contract prices
Many northwest European coil market players are finding that long-term coil supply contracts agreed in recent days have resulted in favourable terms for mills and do not reflect the current business environment.
Mills had initially targeted a plus of €600/tonne ($686) over prices signed in October 2020 for 2021 contracts, when the subsequent price surge could not be foreseen. ArcelorMittal even went somewhat higher with its first price targets of €1,080 …
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Anonymous
Very good overview of the weekly steel market.
Anonymous