11
May
11:25
Chinese exports seen rebounding, 232 tariffs ineffective
Reduced steel demand in China will result in the country’s return to the export market next year, bringing steel prices back down to marginal cost level, according to World Steel Dynamics founder Peter Marcus. Section 232 tariffs, meanwhile, are seen as failing to prevent an influx of imports into the US.
Steelmakers are currently enjoying a golden age of high margins, thanks to economic recovery, China’s retreat from the export market, and trade def…
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Anonymous
Very good overview of the weekly steel market.
Anonymous