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22 Feb

Northwest European coil mills keep making price concessions

The price paid for hot rolled coil from northwestern European mills has come down to around €730/tonne ($790) from the level of above €750 reached in early February. There is some doubt that mills can stabilise the softening because real demand does not support mills’ desire to cover their costs, according to market participants. “Prices were pushed up since the [Blechexpo] trade fair [in November], but the target of €800/t the mills had…
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