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EU coil imports less attractive due to weak euro, domestic market

July 24, 2014 - 21:05 GMT Location: London

KEYWORDS: HRC imports , CRC imports , HDG imports , coil price

Buyers of coil in Europe have become less interested in importing material from countries such as China, market sources told Metal Bulletin sister title Steel First this week.

They attributed this change to the weakening of the euro against the dollar, making dollar-denominated trades more expensive, and to the availability of low-priced products in local markets, they added. "There is a very small difference between prices for imports from China and [similar material from] local Italian producers, so it does not make much sense to import at the moment," one trader based in...

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