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Energy costs are unlikely to sink notably anytime soon, and German steelmakers will be struggling to hand them down to customers, says Peter Fertig, analyst at Frankfurt-based MBI Infosource. Steel prices could peak above today’s values, but the way down could be steeper. Since shortly after this year’s price peak induced by the invasion of Ukraine, order intake has continuously remained below output, with mills’ negotiating power weakening conti…
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