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steel prices have stabilized entering July due to an unexpected outage at Steel Dynamics' Sinton plant tightening supply and thus halting a two-month downward trend.
The leading steel manufacturer Hoa Phat Group sold nearly 457,000 tonnes of steel in April, of which the volume of hot-rolled coil product reached 239,000 tonnes, the highest since the beginning of the year.
Hot rolled coil prices have declined as inventory levels remain elevated, though high energy costs could force more steel manufacturers to halt operations
Mexico is extending anti-dumping (AD) duties on imports of hot-rolled coil originating in China, Germany, and France for another five years, retrospectively from December 23, 2020.