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In recent weeks some competitive hot rolled coil import offers have surfaced in the European market, serving to increase the uncertainty already in the market, Kallanish learns from sources. Indian suppliers have over-used tax-free import allocations, but their offers in some cases continue to be competitive even with the 25% tariff added. Traders report offers from India at as low as €880/t ($1,042) cfr southern Europe, to which the safeguard tax would be ad…
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