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Commodities 2023: European hot-rolled coil market approaches 2023 with cautious optimism

January 6, 2023 Comments Off

Bullish sentiment is prevailing in the European coil market, reinforced by a demand revival that is generally expected to continue in the first quarter of 2023. The sustainability of the price rise and recovery in market activity, however, have been questioned by many market participants. In addition, following the turbulent market in 2022 due to effects of the global geopolitical…