The European market for strip mill products continued to perform satisfactorily, in October. Consumption remained strong, particularly, in the northern regions. In general, basis values were relatively stable, this month, with a number of minor upward adjustments. Major mills are still pushing for a hot rolled coil minimum figure of 560 euros per tonne in northern Europe and 540 euros per tonne in the south. Although this target has still to be reached, reduced availability, resulting from trade measures, continues to support the steelmakers' proposals.
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