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28 Oct

EU coil mills cling on to €700

Tension caused by diverting views on coil prices between mills and buyers is persisting in the northwest European coil market. It is spawning some unusual north-south relationships and creating the idea of making slab an item of trade within the EU. Mills are standing firm on clinging onto the threshold of €700/tonne ($696) for hot rolled coil offers, because it approximately defines the limit of breaking even on high production costs. “It is like on th…
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