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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01385462: Michelle Steel, Steel and Offshore (DS10)

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Financial or market analysis document dated January 3, 2018 discussing global steel industry inequalities, manufacturing capacity, and trade patterns between the U.S., China, CIS, and Europe. The document analyzes steel market dynamics and import/export trends with no apparent connection to Epstein.

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PersonKeyword
Excerpt 1
3 January 2018 HY Corporate Credit HY Multi Sector, Media, Cable & Satellite Inequalities within the International **Steel** Markets The global **steel** industry
Excerpt 2
Considering **steel** is a global commodity, excess **steel** manufactured in China and CIS likely satisfies demand for **steel** in alternative regions of the world
Excerpt 3
Arbitraging the North American and European **steel** markets While NA and the EU both require a portion of their **steel** needs imported, a different phenomenon

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