06
May
17:44
Irepas foresees more output cuts, pricing pressure
There could be more steel output cuts in May as lockdowns will probably continue until June, says the International Rebar Exporters and Producers Association (Irepas). Industrial activity will be low and demand for steel limited, although Europe and the US could reopen gradually this month.
Steel production will, however, probably recover quicker than demand, which may put pressure on pricing in the market in the second quarter. “There is oversupply of almos…
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Anonymous
Very good overview of the weekly steel market.
Anonymous