European steel coils supply tightens as mills hold back capacity

The European hot-rolled coil market has seen prices soar to a two-year high in recent weeks, exacerbated by an ever-tightening supply shortage, with mills staunchly curbing production until “real demand” resurfaces and customers are desperate to secure volumes for Q1 irrespective of price, sources told S&P Global Platts Dec. 3.

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