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29 Oct
13:47

Raw materials put pressure on longs market : Schnitzer

Construction demand has sheltered US longs prices from the worst of the general market downturn, but weakness in the raw material sector is still anchoring prices, Kallanish learns from Schnitzer Steel. Company ceo Tamara Lundgren said that rebar and wire rod prices, in particular, managed to tread water for the majority of the year before dipping during the company’s fiscal Q4/standard Q3. She was speaking during the company’s fiscal 2019 confe…
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