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Soporific Steel Slump & Speculative Summer Surge
European steel prices dropped as hot-rolled coil settled around €540–550 ($625–640) per metric ton. Imports from Indonesia fell even lower, reaching €490 ($570). While summer holidays have slowed demand, traders anticipate a price lift in autumn. The upcoming Carbon Border Adjustment Mechanism adds uncertainty, which could make domestic steel more attractive despite cheaper Asian offers.
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