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Demand Slump Weighs On Prices


Pakistan Institute Of Development Economics

Steel Market Outlook Deteriorates

Demand Slump Weighs on Prices

Weak Economic Prospects, High Inventories Impact Industry

The global steel market is facing a challenging outlook, with prices softening due to weaker demand and high inventories. According to a recent report, the industry has been hit by weaker economic prospects, particularly in key steel-consuming sectors such as construction and manufacturing. As a result, steel demand has declined, leading to a surplus of supply and a subsequent drop in prices. The report highlights the impact of these factors on the steel industry, providing insights into the current market dynamics and future projections.



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