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Despite a somewhat discouraging trend in the defense sector, global demand and investment are expected to maintain a profitable market climate.
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Politicians argue that they are creating jobs, but taking sides in the market may well eliminate jobs elsewhere in the steel industry.
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Bright spots: Strong demand is anticipated from commercial and private aerospace, chemical, petrochemical and value-added fabrication.
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North American scrap iron and steel dealers, brokers and buyers are not overly optimistic, at least through spring and summer this year.
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Transporting oil via rail could present a greater environmental risk than moving it by pipeline, some energy infrastructure executives argue.
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Despite ongoing economic uncertainties, iron ore requirements—and how to fulfill them—remain an industry constant worldwide.