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European steel prices surge

The European steel market has recently witnessed significant price increases. According to data from the week of January 20, notable rises were observed in the prices of steel products, particularly in HRC, CRC, and rebar.

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In Chinese flat steel market significant price changes in not expected, in the remaining working days before the New Year vacations, but after the end of the vacations, most people maintain negative forecasts, predicting the correction of HRC to the range of 3300-3350 CNY

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