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06 Jun

Northwest EU HRC sinking trend continues, slowly

Northwest European coil market observers are unsure whether the pricing floor is near or not, but most do not expect big drops going forward. Prices have kept sinking into June, and some believe the bottom is near, while others are less convinced. For sure, nobody anticipates prices to pick up all that soon, Kallanish notes. Northwest European mills recently lowered their offers for hot rolled coil to below €750/tonne ($801). One buyer active in Germany and …
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