Steel mills across the globe are staring down a desert land of dried-up demand, as the Russia-fuelled war rages on in Ukraine. While global demand for long steel is weak, especially in China, which cracked down on its real estate market post-the Evergrande collapse, the EU is seeing some light at the end of the tunnel for flats. As per some reports, prices of domestic hot rolled coils inched up on 12 July as buyers are slowly eyeing restocking amid widespread output cuts by mills.
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