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08 Sep

Galv, CRC come under pressure in northwest Europe

Although some European coil mills have started trying to bring prices up from the low reached in summer, this may be harder to assert for cold rolled and galvanized than for hot rolled coil. Apart from the obvious reservation on the demand side, domestic integrated mills are under pressure also from imports and from high energy costs. The price of HRC, despite efforts by northwest European mills to charge more, is basically sitting at around €650/tonne ($696)…
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