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09 Dec
20:13

Slower demand could erode prices, costs supportive: Irepas

Long steel demand is slowing with the winter holiday season approaching, with market activity expected to remain slow until the Chinese New Year holidays and therefore further price erosion possible in the coming weeks. So says the International Rebar Exporters and Producers Association (Irepas). Price decline will nevertheless be capped by elevated production and freight costs. With coking coal prices starting to retreat, amid lower iron ore prices, blast fu…
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