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16 Oct

European north/south coil prices converge in falling market

The differences in coil prices between northern and southern Europe have minimised amid overall price deterioration, several market observers say. “[Delivered] prices of €630/tonne [$664] for hot rolled coil … apply all over Europe, with little differentiation,” an Austrian buyer tells Kallanish. A German service centre buyer points out that the Alpine divide between the big European markets, Germany and Italy, has all but disappeared. &ldq…
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