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06 May
13:35

Northwest European coil mills’ position weakens, but slowly

Although coil offers have come down from the peaks seen after the outbreak of war in Ukraine, mills are still trying to prop up prices, but will have to gradually make concessions, observers believe. “Two months ago, we had much more demand on the market than supplies, but I find this has inverted,” a Benelux manager describes his impression to Kallanish. He and others observe that a buying spree occurred in March, and that inventories are consequently…
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