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14 Feb
11:07

ASEAN import markets drift on China sluggishness

The ASEAN steel import market is quiet this week on a downward price correction in Chinese steel futures, Kallanish notes. A Manila trader says that while nearly all his customers and suppliers say the market is quiet, his Chinese trading counterparties are more optimistic. “They still think that the market will pick up towards the end of February or early March,” he opines. They say there is a delay in the usual post-Lunar New Year holiday rebound bec…
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