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German steel market prices expected to rise: Platts survey

SPGlobal — Sentiment across the German steel market has improved with further upticks in prices expected in coming weeks, while output was expected to increase, albeit at a slower level, according to the monthly German steel sentiment survey by S&P Global Platts.

In the survey of German producers, distributors, traders and end-customers, conducted at the beginning of this month, the index for steel price development was at 77, indicating fairly strong expectations of an increase (an index of 50 indicates stability).

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