While some Italian coil producers are halting sales this week, others are beginning to say prices may increase. This is mainly due to lower production and several stoppages in Italy starting from next week until the last week of August.
Against the backdrop of the downturn in flat steel products in Europe, coil prices seem to have reached bottom. Italian hot rolled coil values are stable week-on-week but demand remains subdued, market participants tell Kallanish.
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