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Horsburgh says that while ferrous scrap prices have not continued with the extraordinary growth rates from the previous year, demand for hot rolled coil was still strong, pushing prices higher. We at ArcelorMittal are very excited at the prospect of expanding our cooperation with our partner Borusan into the hot rolled coil business. Phase II, which will begin production in late 2006, will produce 800,000 tons of stainless steel slabs and hot rolled coils. |
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