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19 May

Coil price downturn likely to continue in Europe

The massive deterioration of coil prices in northwestern Europe seen in the first half of May will not be bottoming out this month, observers in the region believe. A toxic combination of continued lack of industrial demand and import offers at extremely low prices has hot rolled coil prices from EU mills falling under the €800/tonne ($863) threshold they have exceeded since March. A source at one such mill tells Kallanish of a sale done at €820/t in the…
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