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07 Nov
19:30

First-quarter demand drop could top pandemic peak: Irepas

Global long product demand is “at crisis levels” and not expected to improve in the coming months, an unsustainable situation that will result in more closures, says the International Rebar Exporters and Producers Association (Irepas). Energy cost uncertainty and demand destruction have led to order cancellations. Customers are delaying purchasing decisions while Chinese traders are shorting the market. Steel mills are in trouble and even those in…
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