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Domestic prices for hot-rolled coil in Northern Europe have been fairly stable over the past week, with minor fluctuations indicating buyers’ uncertainty about the future direction of price movements.
If global financial markets had been operating under a pervading sense of uncertainty due to the impact of the novel coronavirus (2019-nCoV), they now appear to be veering on panic.
The UG2 chrome ore price fell for the third consecutive week on Friday March 6 after suppliers cut their offer prices sharply amid weak demand, high inventories and a weaker South African rand.
The recent extension of the health quarantine area in the north of Italy will not affect steel production or deliveries, sources told Fastmarkets on Monday March 9.
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