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15 Nov
Italian hot rolled coil prices continue to fall significantly due to the persistently sluggish market. Values are dropping by some €50/tonne ($52) week-on-week, dragged down by cheaper imports, with service centres reporting a prolonged destocking period that will last into the new year, Kallanish notes. Sales for all coil derivatives are particularly slow with prices descending. Some large European coil producers are now in the process of discussing contract…
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