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02 Jun
13:00

Stainless coil demand seen returning in September

The rock bottom for European stainless hot and cold rolled coil prices has yet to be reached and values will continue falling in June, sources tell Kallanish. Some sources in the northern European flat steel sector believe the bottom will be achieved in July after scrap prices touch their lowest levels before the August holiday season, with a possible rebound in September. In the fourth quarter, the European and global markets are forecast to normalise in terms of…
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