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07 Feb
14:43

Virus threatens Chinese demand, scrap prices 'manipulated': Irepas

The surplus of long products supply over demand remains, while the coronavirus outbreak and Middle East tensions are causing uncertainties, says the International Rebar Exporters and Producers Association (Irepas). The impact of the coronavirus is impossible to forecast, but China’s recent reliable steel consumption may be threatened. Brazil’s steel industry had a very tough 2019, with consumption and production both declining. Brazilian slab suppliers…
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