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19 Feb
03:04

China steelmakers release February downtime plans

Chinese steelmakers have seen wide-ranging impacts on production and sales caused by the coronavirus epidemic. Some have decided to reduce production to limit their outgoings, Kallanish notes. Some mills have been forced to lower their factory prices. While others are holding list prices steady, weak spot prices mean they are giving discounts and mill inventories are piling up. They anticipate that orders in March will remain noticeably low. Migrant workers a…
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