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23 Feb

EU coil mills hold firm in contract talks

While mills are having a hard time keeping their coil prices up on the spot market, they appear more successful in asserting them in the outstanding talks for long-term supply contracts. Most contracts of this type were finalised by early/mid-January, especially those negotiated directly between mills and OEMs. “We completed all our talks with automotive customers in December,” one mill source tells Kallanish. He points ahead at negotiations the mill …
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