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25 Apr
19:01

EU prices lower, Southeast Asia drives market: CRU

Southeast Asian steel demand growth will continue to rise rapidly amid China’s slowdown, while Turkish mills will maintain their export push, to Europe and intermittently to Southeast Asia. So says CRU analyst Matthew Watkins. Following a very profitable 2018 for the steel industry until prices collapsed in the fourth quarter, slower global economic growth is translating into lower steel prices this year. Mills’ attempts to raise prices in Q1 ga…
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