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26 Jul

Italian HRC prices flatten in quiet market

The Italian hot rolled coil market is going quiet due to the imminent August holiday. While prices remain stable despite attempts by European producers to increase values in July, sellers are reporting improved demand and some restocking in July, albeit for low volumes, Kallanish notes. The market expects domestic HRC sales to increase in mid-September as both service centres and re-rollers will have to buy for fourth-quarter delivery and year-end book c…
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