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05 Jul
14:06

Chinese exports 'damaging' market, raw materials tight: Irepas

Chinese steel exports are on course to damage the global steel industry, says the International Rebar Exporters and Producers Association (Irepas). Chinese low-priced billet exports have now joined the country's finished steel supply dominance but, despite the supply glut, firm raw materials are propping up prices. “What we are going through today keeps reminding us of what the market went through ten years ago,” Irepas says in its July short-range…
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