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Why the supply tap keeps on running

The equivalent of the entire steel production of western Europe should be taken out of the market to bring the industry back into “a semblance of profitability”, according to Macquarie.

Why the supply tap keeps on running Why the supply tap keeps on running Why the supply tap keeps on running Why the supply tap keeps on running Why the supply tap keeps on running

Speaking at a briefing in London, the bank’s head of commodities Colin Hamilton said excess supply was running at about 170 million tonnes. If that was removed, steel mills could raise capacity-...

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