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European mills raise flat steel price

It’s reported that ArcelorMittal Poland has increased their ex work price of HRC by €10~20/ton from earlier level, while British, German, Belgium as well as other European market also lift up prices by €10~20/ton.

The price increase is treated as an inevitable result of substantial profit-reduction caused by market price and sales quantity decreasing.

Though demand from wholesalers and stockiest is warming up somehow, orders from end users still remain at quite low level.

SOURCE:YIEH.COM

Jun 7, 2009 09:45
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