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18 Jul
12:19

Italian HRC price hike attempts fail

Attempts by European producers to push up hot rolled coil prices this month seem to have failed, with sources saying it will be a long, painful summer for Italian HRC. Volumes have remained relatively low and service centres and re-rollers continue to buy mostly back-to-back, Kallanish notes. The euro appreciation versus the dollar has seen euro-denominated quotes fall since the beginning of the month to €590-610/tonne ($663-685) cfr from Asian supp…
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