Category: HRC
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Oil price correction begins to ease cost pressures, but weak demand and supply disruptions keep steel markets uneven – A-360 degree view
Brent declines to around $97/bbl following US-Iran ceasefire, easing energy, freight cost pressures Lower input costs begin to weigh on steel and scrap prices, though supply disruptions continue to provide support How will the ceasefire between the US and Iran reshape global metals markets? Following the reopening of key shipping routes and a sharp correction…