07
Jun
01:00
Geopolitics, Greece cloud outlook after iron ore rebound balances supply/demand: Irepas
The rebound in iron ore prices to above $60/tonne, together with scrap price increases and steelmaking capacity adjustments, have helped reduce the supply-demand imbalance in the global long products market. The outlook remains clouded, however, by currency fluctuation due to geopolitical instability and uncertainty surrounding the second Greek bailout. So says the International Rebar Producers and Exporters Association (Irepas).
Further supply reductions ar…
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Anonymous
Very good overview of the weekly steel market.
Anonymous