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14 Apr
20:26

US trade cases, China cuts, lift scrap prices

The global scrap market is getting a boost due to protectionist US trade measures and Chinese capacity cuts, Kallanish learns from the International Rebar Exporters and Producers Association (Irepas). At an association meeting in Lisbon, Portugal, raw material suppliers committee chairman Jens Björkman said raw material prices appear to be in a general upswing after bottoming around October 2015. Domestic US demand for scrap has been increased due to sev…
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