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21 Jun
14:08

Chinese late-June longs offers continue falling

The price of construction long steel in China has fallen since mid-June, and the central government is continuing to threaten action to control the price of commodities to resist imported inflation. China's construction steel producers slashed prices in mid-June and so have either held prices level or cut further for the last ten days of the month, Kallanish notes. Of the three major long steelmakers in eastern China, Shagang and Yonggang lowere…
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