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Business, 19.03.2020 08:30 aschool2000

Recently, the spot market price of U. S. hot rolled steel plummeted to $400 per ton. Just one year ago, this same ton of steel cost $700. According to Metals Monitor, the drop in price was due to falling oil prices, along with a rise in cheap imports and excess capacity. These dramatic market changes have greatly impacted the supply of raw steel.

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Recently, the spot market price of U. S. hot rolled steel plummeted to $400 per ton. Just one year a...
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