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Steel price goes up, ACL gets a bit more per ton they sell, but the real test is whether local construction…by @scandi_jse64 on $ACL

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Scandi64@scandi_jse64·MemberBullish

Steel price goes up, ACL gets a bit more per ton they sell, but the real test is whether local construction and car makers are actually buying. Load-shedding is killing them on the cost side, so unless we get demand back or power sorted, the margin gets squeezed either way. Simple as that.

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