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20 Jul
17:34

Steel Dynamics: Steel will survive auto peak

US steel producer Steel Dynamics Inc predicts long-term domestic steel demand will remain strong, despite an apparent levelling off in the automotive industry, Kallanish reports. In the company’s second quarter earnings review, ceo Mark Millett says auto’s flattening will be at least partially covered by gains in energy and infrastructure. "We remain optimistic that macroeconomic and market conditions are in place to benefit domestic steel co…
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