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23 Jan
15:51

Northwest European coil market enters standoff

Following some buying activity in the wake of price increases, the northwest European coil market has seemingly re-entered a period of reservation, with transaction activity slowing. Observers’ views diverge, however, on whether the reservation is more on the side of the mills or their customers. ArcelorMittal’s January announcement of a base price for hot rolled coil at €760/tonne ($843), cold rolled coil at €860/t and galvanized coil at &eu…
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