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11 Oct
09:53

German coil price hike attempts seen not sticking

At the beginning of the week, Germany’s largest steelmaker informed various customers that it would lift coil prices by €20/tonne ($22), Kallanish hears from market sources. “It could be a reaction to the Hamas attacks on Israel,” a manager of a German service centre speculates. For one thing, such incidents could easily affect the market, creating shortages, blocking transport, he adds. The steelmaker might not actually expect orders, but, …
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