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23 Jun
18:36

Northwest European coil prices keep softening under pressure

Coil offers from northwest European mills have undercut two significant thresholds in quick succession, and observers do not yet see the bottom being reached. Over the course of June, offer prices for hot rolled coil first dipped under the barrier of €1,000/tonne ex-works ($1,051), and soon thereafter retreated under the mark of €900/t. Buyers from the Benelux, Germany and Switzerland see the current level at €870-880/t, while in Scandinavia th…
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