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06 Dec
14:12

Overcapacity reduction happening slowly, but market 'unstable': Irepas

Long products market activity has died down in the run up to year-end holidays. North American and EU mills have been able to get satisfactory orders at lower capacity utilisation, factoring in longer-than-usual year-end stoppages. So says the International Rebar Exporters and Producers Association (Irepas). US mills have successfully staved off import bookings for the first quarter next year by offering “…serious” discounts, while EU mills re…
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