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Steel margins squeezed by weak prices, China exports: Report
November 26, 2024
|The Daily Guardian
The Axis Securities report highlighted that Chinese steel exports reached 92 million tonnes per annum (MTPA) between January and October 2024, marking a 22 per cent year-on-year increase.
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Steel companies in the country are likely to face margin pressure in the third quarter of FY25 as muted steel prices compress spreads, according to a report by Axis Securities.
The report stated that the weak demand in China and higher exports from the country have been identified as key factors behind the decline in steel prices.
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