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20 Sep

European stainless coil prices seen increasing

European stainless coil prices are seen increasing as mills are implementing hikes for November delivery. Buyers, however, do not believe that values will increase as downstream demand for stainless flats and tubes remains poor, with visibility limited. Stainless cold rolled coil in northern Europe for October delivery is at about €2,350-2,400/tonne ($2,514-2,568) delivered, while hot rolled coil is at €2,250/t base delivered on average, Kallanish hears.…
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