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Version imprimable Shipbuilding cancellations will hit steel plate broadside


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According to a recent report from New Jersey-based World SteelDynamics, "Perhaps 300 contracts to build Capesize and Panamax vessels maybe cancelled and some new shipyards may close." The consulting firm estimates that approximately 15,000 metric tons ofsteel plate is needed to build each vessel, which would mean a potentialreduction in plate consumption of 4 [..]