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22 Dec

EU coil contract talks emphasise volume over price

In the current talks over annual supply contracts with carmakers and other big customers, some of northwest Europe’s coil mills may have to face price concessions to secure volumes. According to market sources, one big player has rushed ahead and snatched a large share in deals with several carmakers. Compared with one year ago, mills have escaped in most recent deals with a price reduction of €50/tonne ($55), applied equally to hot rolled, cold rolled …
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