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EU Long Steel Market Remains Mostly Steady Amid Price Increase Announcements

The Northwest European market for rebar and medium sections remained largely stable in the week ending July 10, despite some mills announcing price increases. Sources indicated that demand has improved and is expected to be better during the summer. Mills have announced a price increase of 10 euros for beams and merchant bars. However, it remains uncertain whether buyers will accept these higher offers, as the market is currently quiet due to summer holidays. Platts assessed the price of Northwest European rebar at 615 euros per metric ton ex-works, while the price of European medium sections was stable at 750 euros per metric ton delivered Benelux.

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