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31 May

Some EU steelmakers consider increasing HRC

Some European steelmakers are mulling increases on hot rolled coil, since the European Commission said it will introduce a 15% cap per origin over the “other country” tariff-rate quota (TRQ) for HRC. The HRC market remains stagnant in Europe. Before the Commission announcement and considering the very weak consumption for coil and its derivatives downstream, EU steelmakers were bracing for a circa €20/tonne ($21) price decline in June. The latest …
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