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02 Feb
16:00

German plate prices stabilise somewhat in weak market

Observers in the northwest European plate market are reporting some uptick in prices, but caution that they do not see a sustained substantial increase. A mill representative claims that transactions have picked up to reach €850/tonne ($917) delivered Ruhr for S355 grade, some €20 up from the high end in December. He adds that a further increase is intended, citing rising costs for slab from overseas. But he also concedes that economic prospects in Germa…
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