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Steel prices are plunging, down a quarter since May at lows not seen since 2016. The chairman of the world’s largest producer just said he expects it to get much worse in terms of prices and for industry. The implications are far broader than steel or China.Video Length: 00:16:36More By This Author:The Entire Global Just Entered A Recession (You Need To Ask Why) Something Fundamentally Has Changed The Economy What It Means For You The Rapid Repricing Of Global Risk Assets (Everything You Need To Know)
What Steel Prices Crashing Means For The Global Economy
