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The European stainless flat steel market is now stagnating, with absent apparent demand and weak real demand in all European regions. Coil prices are losing over €1,000/tonne ($1,052/t) on average compared to last month, as EU producers have very few orders and always for low tonnages, Kallanish hears from market sources. Stocks are said to be high throughout Europe. Both service centres and end-users are unable to clear the high quantities purchased in the f…
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