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17 Jan

CRC, HDG strengthen in northwest Europe

Northwest European mills have held prices for cold rolled and hot-dip galvanized coil steady, although the target value of €900/tonne ($976) plus seems way out of sight. Mills are maintaining pricing discipline, helped by recent outages at blast furnaces, but the weak demand on the market will not allow for clear increases. In fact, now that ArcelorMittal Belgium, Tata Ijmuiden and Salzgitter are restarting their furnaces, increased supply might stop the gent…
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