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04 Jun

Low EU consumption discourages coil price increases

While some European steelmakers have considered hot rolled coil price increases, others are discouraged by the low consumption seen across end-use sectors and service centres, Kallanish hears. The European Commission’s decision last week to introduce a 15% cap per origin over the “other country” tariff-rate quota (TRQ) for HRC sparked some excitement in the market, as suppliers believed prices would rise amid limited imports. Several European mil…
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