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The veritable chaos seen in the European steel market over the past three weeks has shaken some customary relationships between product groups. The latest semi-official announcement by the market leader last week still seemed to reflect familiar price premiums. With hot rolled coil offered at €1,400/tonne ($1,548) ex-works, cold rolled coil was set at €1,500, and hot-dip galvanized coil at €1,550. However, at the time of the announcement, higher off…
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