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02 May

European coil producers consider increasing prices

European coil producers are mulling increases. Market sources tell Kallanish some are considering a €20/tonne ($21.4) hike. According to several buyers and sellers, import prices from Asian suppliers are not decreasing anymore and offers are ticking up in some cases to the level of €600/t cfr southern European port. In Italy, hot rolled coil producers are pushing up prices for new contracts by an average of €20/t and asking for €660-670/t base …
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