17
Nov
15:29
Northwest European coil price range widens, rebound possible
Buyers of coil in northwestern Europe are relatively unanimous that prices will not soften much further, and will possibly rebound over time, but not in the short term or to the figures sought by mills.
According to market sources, many mills have followed the proposal of €1,080/tonne ($1,221) for hot rolled coil that ArcelorMittal announced several weeks ago. “That’s the figure they are putting on the table now, and say they don’t want to s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous