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02 Aug

Italian HRC seen hiking in September

The Italian hot rolled coil market is now quiet because of the August holiday break and producers’ maintenance stoppages. Most buyers purchased HRC in July but always for limited volumes, Kallanish notes. The market is however forecast to become livelier in September and prices in Europe to increase, pushed up by the exhaustion of import quotas. Third-quarter quotas from Vietnam, Indonesia and other Asian countries are exhausted, while few tonnages…
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