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21 Jun

EU coil makers will keep output under control

Northwestern European coil mills are keeping their output low given the reservation of buyers, which ultimately may mean idling blast furnaces again. Meanwhile, a gentle rise in prices for imported material could herald a stabilisation of European domestic prices. On the import side, values seem to have bottomed very recently with what a Dutch manager calls a “test price increase”. “We heard some of our sources say that some Asian mills stopped t…
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