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31 Aug
14:59

EU longs mills hike offers on energy costs

European suppliers of long products are returning to the market this week with higher offers due to record-high energy prices, Kallanish learns from sources. ArcelorMittal is communicating to its clients the decision to raise immediately spot prices for commodity grade longs by €150/tonne ($150) across Europe. The increase is understood to be a first step to align prices to skyrocketing gas and electricity rates: further increases could be announced soon if eā€¦
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