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18 Aug
10:13

Steel prices to retreat but remain elevated: Moody's

Steel prices should notably retreat from their current record levels over the next two years, but remain above their historical averages in the medium term, says Moody’s. They will be underpinned by more solid demand and supply fundamentals and rising carbon costs on tightening emissions reduction policies in some regions, especially in Europe. “Demand improvements should be driven by a continued recovery in steel-using end markets, such as (renewable …
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