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09 Mar

Coil price hikes seen sticking in northwest Europe

The latest announcement from the leading European steelmaker to bring up prices again have been confirmed by buyers north of the Alps. “ArcelorMittal has left the market, but I believe they will come back this week with quoting €850/tonne ($899) for hot rolled coil, or more,” a Dutch manager tells Kallanish. This sentiment has been confirmed by German sources. “It’s not totally official yet, but … we did learn of ArcelorMittal a…
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