The Italian coil market standoff continues as service centres are resolute in their wait-and-see attitude. They forecast coil prices to fall about €200/tonne ($218) compared to the peaks seen in March.
Sources tell Kallanish that prices for hot and cold rolled, and hot-dipped galvanised coil continue to decline in the few contracts that are currently being concluded. HRC is now at between €1,260-1,300/t ex-works, with competitive import prices from Asian…
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