09
May
16:35
EU coil price dips downstream first
The softening of coil prices from extremely high levels in northwestern Europe is progressing at distributors, while mills keep claiming relative stability.
“With every call I make, I bring prices down by €10/t ($10.53/t),” a manager at a southern German distributor tells Kallanish. He notes that the sale price level is still very high and profitable, based on restocking made early this year. Hence, distributors are more prepared to make concessio…
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Anonymous
Very good overview of the weekly steel market.
Anonymous