23
Dec
14:30
Northwest European coil contract talks throttle spot deals
Going towards Christmas, the northwest European coil market is in a bit of a standoff, partly owing to the interference of annual supply contract negotiations in spot deal activity.
According to a German service centre manager, mills are quoting spot prices higher than is realistic as long as the big negotiations drag on, as they are concerned that price concessions on one end will affect the other. As a consequence, many industries are refraining from buying beca…
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Anonymous
Very good overview of the weekly steel market.
Anonymous