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17 Apr
09:22

Irepas sees steel price rebound stimulating production increase

Steel producers are likely to increase rather than decrease output today, given the rebound in steel prices witnessed since the start of March, according to International Rebar Exporters and Producers Association (Irepas) traders’ committee chairman and Seba International president F.D. Baysal. The reduction by 100-150 million tonnes/year in steel capacity announced recently by the Chinese government, meanwhile, will do little to curtail the country&r…
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