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12 Oct

EU coil centres feel pressure to sell off

As coil prices from northwestern European mills remain weak, but apparently will not sink much further, the deterioration downstream is more severe, market players point out. “It is not the mills nor demand that determines the market and prices, but the distributors and service centres, pressured by the necessity to clear inventories and generate cash,” one Ruhr-based service centre (SSC) manager tells Kallanish. “You need continuous liquidity, o…
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