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27 Mar
15:25

Northwest EU coil still has room to fall

Coil prices on the northwest European market have gradually softened further, following the same pattern as in previous weeks, with no end in sight yet. The mark of €700/tonne ($757) for hot rolled coil has been undercut in most of the region. “South and north of the Alps, prices are at below €700/t delivered, in some cases clearly,” an Austrian buyer tells Kallanish. In Austria, buyers may be more exposed to lower offers from Italy, where mi…
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