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11 Feb
06:54

Chinese long steel offers remain unchanged in mid-February

Chinese longs producers Shagang, Yonggang and Zenith announced unchanged offers for their long steel products in mid-February, Kallanish notes. As most Chinese construction sites have delayed the resumption of work to the end of February, market demand has not yet begun to recover. There is still a huge gap between the offers of steel mills and the spot sales prices of steel products, but these mills have not announced subsidy policies for…
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