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12 May

Italian coil to drop significantly

Italian coil prices are seen decreasing in new transactions this week. Until last week at the Made in Steel tradeshow in Milan, demand from both re-rollers and service centres was at its lowest, with participants adopting a wait-and-see attitude. Traders at the tradeshow and sellers from Asian countries quoted some €20/tonne ($21.9) lower prices compared to the beginning of the month, at €620-640/t cfr Italy for July boarding. However, local buyers expec…
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