24
Nov
16:28
Southern European traders confirm end of coil downtrend
Traders in southern Europe have confirmed this week that the coil market seems to be preparing for a slight recovery, as import offers from Asia have been either withdrawn or increased.
A source notes that prices from Japan, South Korea and other Asian suppliers have fallen clearly below production costs in recent weeks. Now, some offers are seen increasing.
“We have received new offers from Taiwan with an increase of $25/t,” a trader tells Kallanish.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous