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07 Jun

EU market debates safeguard revision mechanics, awaits confirmation

The EU’s proposed safeguard duty revision could encourage mills to go for a synchronised price hike. This comes after weeks of hot rolled coil moving down close to the €600/tonne ($650) mark and repeated mill hike attempts proving to be unsustainable, Kallanish notes. The revision means the “other countries of origin”, which previously had a collective quarterly HRC quota of around 1 million tonnes, will now face an additional restriction pe…
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