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27 Sep
13:58

Renewed market weakness amid China slowdown concerns OECD

The OECD Steel Committee expressed grave concern this week about the deterioration in global steel market conditions currently being driven by growing overcapacity, softening demand for steel, and government interventions in some economies, Kallanish notes. The gradual recovery in global steel market conditions that began earlier this year was short-lived, with China’s post-Covid economic rebound not living up to expectations. The latest data point to renewe…
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