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Hot-rolled coil prices in the United States have hit a year-to-date high, thanks mostly to tight supply, Fastmarkets understands.
Companhia Siderúrgica Nacional (CSN) is preparing for a November restart of blast furnace No2 at its Presidente Vargas mill in the city of Volta Redonda in southeast Brazil, sources said this week.
Steel producers in Turkey returned to the deep-sea scrap markets on achieving lower prices in the week ended Friday October 2, while the Asian markets were largely stable amid reduced availability and holiday absences in the territory.
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