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CR price scenario in Europe- 02 May 10

It is reported that Marcegaglia is very short in CRC and in 1000 mm width across of all products HRPO, CR and HDG as HRC suppliers are not giving enough quantities and in some cases, like Chinese Mills, are applying extra for such width.

"Fos sur Mer" the main ArcelorMittal steel Mill in France, specialized in supplying HRC for re rolling to ArcelorMittal European system, is said to have some technical problems that will lead to a stop for an undetermined period of time.

Thus CR has reached quotations that are in some cased by passing those of HDG. Last offers from both neighboring and abroad Mills are approaching or even above the EUR 700 per tonne CFR FO level, while profilers using HDG for gyps cartoon profiles are not available to pay more than EUR 670 per tonne to EUR 680per tonne for thickness 0.55mm to 0.60 mm with Z140 coating.

May 2, 2010 09:38
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