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This chart shows regional
steel price trends in three main regions.
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What is most noticeable is
that each of the regions follow similar trends, though there may be time lags
involved.
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Earlier in the period, these
lags appeared more prevalent, but they appear to be more synchronised in
recent years.
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It would appear that regions
cannot isolate themselves from global trends in steel prices.
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This is possibly due to
economic globalisation, as global economies become tied closer together in
economic fortunes.
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However, there is also
another reason – international trade, notwithstanding recent trade actions.
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