Category: Uncategorized
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Europe-Asia steel spreads widen on supply concerns fuelled by war
Disparity in prices between EU, USA and Asia keeps growing EU not lifting steel import quotas despite supply worries Record-high energy prices creating inflationary pressure The Russia-Ukraine war and the economic sanctions imposed on Russia by the European Union (EU) and G7 allies, including the USA, have not just altered trade patterns and demand-supply balance…