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22 Aug

EU coil demand, mills’ backlogs appear blurry

The EU coil market remains quiet amid the typical summer season and September is not seen bringing a major change, with observers keeping their expectations modest. “I feel like demand will slightly pick up, but there will not be a big jump – the main reasons [as previously] for demand weakness remain valid,” one Swiss-based source tells Kallanish. Concurring, a Scandinavian buyer considers demand from the automotive industry to be fairly ok…
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