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June 25, 2004
No Deals on Steel
Price spike in steel costs ripples through wholesale markets
By Douglas Chandler
Don’t look for lasting relief from high steel prices through the end of the year. Factors that drove prices higher so suddenly in the first quarter, including insatiable demand from China, continuing growth in the U.S. economy and shortages of scrap and other feed stocks, will continue to drive the market.
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