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Consolidated Mill Supply (CMS) has acquired foundry product distributor Miller and Company, CMS announced on Friday September 3.
A correction has been issued for this article. The update can be found here.
Steel billet buyers in China have continued to make import purchases in recent days amid expectations that further domestic production cuts will be imposed at the start of next year, sources told Fastmarkets on Tuesday September 7.
Domestic prices for hot-rolled coil in Northern Europe and Italy were broadly flat during the week ended Friday September 3 amid subdued trading activity, with buyers holding back from making deals and mills refusing to accept lower prices, Fastmarkets has learnt.
Poor demand in key import markets in Turkey and Asia continued to pull steel scrap prices downward in the week ended Friday September 3. High freight costs and a lack of container ships also damped spot trading liquidity.
Prices for shredded steel scrap into Pakistan and India remained steady in the week to Friday September 3 after trading activity returned, sources told Fastmarkets.
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