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09 Aug
13:45

New exporters pressure market, circumvention cases coming: Irepas

New exporters, such as Algeria, Egypt, United Arab Emirates and Saudi Arabia, are putting pressure on long steel prices with their “very aggressive” offers amid an already slowing global market, says the International Rebar Exporters and Producers Association (Irepas). US business remains stagnant, with demand slowing while supply has remained steady. High interest rates are dampening commercial and residential construction activity. The US economy and…
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