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Bloomberg

Steelmaker CEO Warns North America Market a ‘Falling Knife’

(Bloomberg) — The North American steel market is in for some rough months ahead, with excess supplies, rising inventories and shrinking demand, according to the head of Stelco Holdings Inc. Steelmaker shares fell.Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedS. Africa Covid-19 Infected Lions Prompt Variant AlertLate Rout in Tech Sends Nasdaq 100 Into Correction: Markets Wrap“It’s a falling knif