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14 Jun
14:24

Increased capacity, reduced demand pressure market: Irepas

China’s steel market is stable and its steelmakers are increasing production volumes weekly, but the rest of the world “…is just trying hang on” against a backdrop of dramatically increased uncertainty. So says the International Rebar Exporters and Producers Association (Irepas) in its monthly market report sent to Kallanish. Iron ore and scrap prices have completely decoupled, with the former hitting five-year highs above $100/tonne. Th…
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