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EU producers succeed in implementing new prices for longs- 01 Mar 10

It is reported that EU producers of long products have been finally able to implement new size extra list being now applied to and accepted by everybody.

As well producers have been able to increase base price by EUR 20 per tonne to EUR 30 per tonne reaching a base price of EUR 140 per tonne to EUR 160 per tonne from the previous EUR 115 per tonne to EUR 130 per tonne.

Therefore now the effective price is now well above the mark of EUR 400 per tonne which is in any case barely sufficient to cover the costs of raw materials and semis that were simultaneously increasing.

Mar 1, 2010 08:06
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