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The US steel industry has mostly dismissed the recent World Trade Organization ruling against Section 232 tariffs on steel and aluminium imports and does not expect it to have much, if any, impact on the market
Steelmakers offering lower-carbon steel reinforcing bar (rebar) have a competitive advantage over traditional rebar producers, even if customers are unwilling to pay a premium for it in a price-sensitive market, according to David Stickler, senior managing partner of Global Principal Partners
Cleveland-Cliffs has increased its flat steel spot market base prices for the second time in just over two weeks, and participants think the market can absorb some of this increase, but not necessarily in full
Fewer Chinese steel mills are planning to stock up on steel scrap before Chinese New Year, and those that do will be doing so at lower volumes than in previous years, market sources told Fastmarkets this week
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