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22 Jul
15:57

Northern EU coil mills seen restricting production

Many observers of the European coil market north of the Alps suspect that steel mills are keeping output lower than they would in a typical summer without the current numerous factors of uncertainty. “Weakened demand for steel combined with the reservation of buyers, low import prices and a sharp rise in energy costs have made many steel producers decide to limit production capacities,” a Benelux manager believes. “Some do not speak of production…
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