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11 Oct
14:00

Steel prices close to bottom, says Irepas

Steel prices have either bottomed out or are close to doing so. This was the general consensus among committee members at last week’s International Rebar Exporters and Producers Association (Irepas) meeting in Rome, monitored by Kallanish. Irepas raw materials suppliers' committee chairman Jens Björkman said prices have not yet bottomed out, adding the decline in scrap prices in the US and EU is a result of lower demand from Turkish mills. Demand …
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