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30 Apr

European coil players diverge over price turning point

Northwestern European buyers of coil products are divided in opinion over whether falling coil prices have bottomed and if a recovery is near. A manager at one northern German stockholder is sure that “we have not hit the bottom yet”, but others disagree. One southern German source, for example, finds that “demand has not improved really, but there has to be a stop line”, which has now been reached. His assessment that the line is at roughl…
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