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16 Mar

EU coil quotes climb slowly, transactions seen lower

The majority of northwestern European coil buyers have prepared for prices stabilising, or actually rising, although the pace will be slower than desired by mills. “The EU mills keep trying to bring prices up in small steps,” a German service centre buyer tells Kallanish. He is sure that “this trend will continue as long as supply chains are shaky”. Another German buyer of big volumes refers to the most recent hike attempt announced this we…
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