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07 Jan
19:12

EU mills start signing annual coil contracts

Negotiations for long-term coil contracts between Western European mills and their large customers have dragged on relatively long this year, which is not surprising given the exceptional price moves seen last year. Meanwhile, various deals are finally heard to have been concluded. And, apparently, the year-on-year premium bargained for so intensely has settled at a value of around €500/tonne ($567), at least for hot-dip galvanized coil. Such is the valu…
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