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02 Mar
16:29

Construction slowdown, narrow spreads challenge longs suppliers: Celsa

Long steel suppliers will face challenges in 2020, with global economic growth and construction activity expected to slow, according to Celsa export director Alex Gordienko. Wire rod will continue to be affected by the automotive industry slowdown. However, sellers will benefit from pockets of strong economic growth in India, Asia and especially Africa. The fastest-growing countries in Africa in 2020 are forecast to be South Sudan, Rwanda, Ivory Coast, Ethiopia an…
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