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CSI: Q1 Too Good To Last (May 3, 2017)

We hope you enjoyed the steel market in Q1, because it is unlikely to be repeated any time soon. The combination of factors which made the quarter so positive for prices, and profitable for steelmakers, is already fading away. That will impact both prices and margins, and Chinese steelmakers which did not do well in the last quarter are likely to struggle through the rest of the year.