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Cover Story: Steel stocks fall from mid-year highs

ACCORDING to the Malaysia Steel Institute, an inadequate global supply of raw materials specifically, iron ore and steel scrap because of the Covid-19 pandemic led to a surge in steel prices since the fourth quarter of last year. A recent report by Fitch Solutions Country Risk and Industry Research notes, however, that the iron rally has ended and prices have collapsed as supply of the commodity improved and demand growth slowed. ....

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