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German steel industry now faces an existential threat, sources say. The crisis deepens as manufacturers struggle with mounting pressures.
So what's the brilliant solution here? Just keep the floodgates open for imported deflation. Because that's totally gonna fix structural problems in heavy industry, right?
When major economies start importing deflationary pressures at scale, it's not just about steel plants shutting down. It ripples through capital markets, corporate debt structures, and eventually hits risk assets across the board. Worth watching how this plays out.