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04 Dec

Northwest European coil buyers doubt new hikes

Buyers of coil in northwestern Europe doubt that mills will achieve the price desired by their latest price hike attempt before year-end. Late last week, ArcelorMittal announced to its customers its decision to raise hot rolled coil offers across Europe by a further €40/tonne, bringing quotes to €720/t ($780) ex-works, Kallanish learns from sources. Mills had earlier suggested that a second hike attempt was imminent. At least one manager in the Netherlan…
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