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07 Apr
20:22

Shortages, China strength keep second-quarter prices elevated: Irepas

With output in key regions failing to increase in January-February, there is still a shortage of long steel, which is keeping prices and margins elevated, says the International Rebar Exporters and Producers Association (Irepas). China meanwhile will seemingly continue consuming in 2021 at similar rates to last year. In Europe, the reduced number of offers and stronger seasonal demand will speed up price increases. “The hand-to-mouth buying mood of EU client…
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