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06 Apr

Shortages unclear despite outages, say EU coil sources

Northwest European coil market observers diverge over whether the supply disturbances at ArcelorMittal Spain and France, as well as Tata Steel’s IJmuiden works will necessarily mean shortages. Concerns are mainly being expressed from buyers of domestic qualities that cannot easily be replaced by imports. “The lead times of mills will be stretching, and prices will increase. Shortages may occur quickly. Some buyers are waiting, banking on falling prices…
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