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STEEL SQUEEZE

6th May 2016

By: Darlene Creamer

  

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There is little question that the steel industry is taking strain globally, owing to too much supply chasing too little demand. In South Africa, however, an anomalous situation has arisen: prices are recovering and there are even shortages of some long-steel products. Unless well managed, the pressure domestically could shift from the steelmakers to downstream consumers.

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