LONDON, June 27, 2017 /PRNewswire/ --
Action on steel imports to the USA will increase scrap prices and hurt EAF-based margins elsewhere in the world.
The USA is a key supplier and consumer of cold metallics. If Section 232 is used to protect the US steel industry, EAF-based steel margins elsewhere will be compressed and steel producers will again need to turn to billet imports.
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SOURCE CRU Insight