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Hot-rolled coil prices in the United States declined for the second consecutive day due to diminishing spot market activity and a lack of availability from steel producers, according to market participants.
Both the North American and Brazilian markets have strong growth potential stemming from infrastructure-related activity, Gerdau’s global chief financial officer Harley Scardoelli told attendees at Fastmarkets’ 2020 Steel Success Strategies Online conference on Wednesday October 28.
Thirty years from now, the global steel industry will likely use more briquetted iron products and scrap and hardly any steelworkers, executives said during the “Steel Industry 2050” panel at Fastmarkets’ 2020 Steel Success Strategies Online conference.
Merger-and-acquisition activity in the metals sector should pick up in 2021, Vince Pappalardo, managing partner of Brown Gibbons Lang & Co, told attendees during Fastmarkets’ 2020 Steel Success Strategies Online conference on Tuesday October 27.
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