Interest Rates and Weak Demand Cloud European Steel Market ...Middle East

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Interest Rates and Weak Demand Cloud European Steel Market
source : OILPRICE ( Middle East ) () 53
Via Metal Miner Steelmakers in Western Europe are trying to push through increases for their hot rolled coil, though sources noted that it was hard to determine where steel prices were at present. Reports indicate that mills are now seeking about €600 ($650) EXW per metric ton, reflecting an increase from deals that were as low as €520-530 in late September. However, those prices also reflect a 25% decrease from the €800 ($865) mills sought in January. One trader acknowledged mills wanting to seek increases, telling MetalMiner, “I…

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