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11 Apr
13:31

Increasing supply could bring second-quarter correction: Irepas

The second quarter could see a long products price correction unless consumption of steel increases as new supply sources come online, says the International Rebar Exporters and Producers Association (Irepas). An aversion to imported steel due to lack of certainty is also leading to a decline in the scope of international business. The market is becoming more and more regional, with European domestic mills fighting for every order. “However, the market is ho…
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