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worldsteel Short Range Outlook April 2023
Chinese steel demand contracted in both 2021 and 2022 Commenting on the outlook, Mr. Máximo Vedoya, CEO of Ternium, and Chair of the worldsteel Economics Committee, said, “in 2022, recovery momentum after the pandemic shock was hampered by high inflation and increasing interest rates, the Russian invasion of Ukraine, and the lockdowns in China. As a result, steel-using sectors’ activity went down in the last quarter of 2022. This, combined with the ...Read more
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