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New wave of HRC offers from unusual origins engulfs Europe- 04 July 10

It is seen that a new wave of offers from different and unusual origins are going across EU markets

1. Ahmsa: EUR 545 per tonne CFR FO
2. Dongbu: EUR 540 per tonne CFR FO
3. Mobarakeh: EUR 545 per tonne CFR FO
4. Baotou: EUR 550 per tonne CFR FO ("B" added)

However even at these levels no one buyer is showing any intention to book.

On the other hand, an important HR maker in Italy has apparently allocated important quantities at a price of EUR 530 per tonne EXW

Jul 4, 2010 09:53
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