Steel Prices Hammered By China’s Zero-Covid Flip-Flop ...Middle East

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Via AG Metal Miner   Uncertainty regarding China’s stance on zero-COVID, when restrictions might ease, and riots within China throughout recent weeks have all contributed to more flat steel prices. What’s more, recession fears are starting to notably impact commodities. Yet another contributing factor? Fears of a railroad strike. With the cut-off date for meeting railroad unions’ terms fast approaching, buyers and suppliers are getting nervous. If a strike were to happen, it would significantly disrupt domestic steel logistics,…

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