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13 Jul
10:43

Market eyes post-summer restocking, reduced Russian supply: Irepas

Long products demand has disappeared almost everywhere and prices are down, forcing mills to curb output, with the market unlikely to improve in July or August, according to the International Rebar Exporters and Producers Association (Irepas). Given the low inventories, however, buyers will need to restock at some point, probably end-August or early September. “It has become very complicated nowadays to use the word global when talking about the global long …
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