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01 Aug
03:43

Chinese longs offers remain flat in early August

Eastern China's major longs steelmakers Shagang, Zenith and Yonggang have continued to maintain prices for the first ten days of August. This means that major long steelmakers' offers have not changed for a month, Kallanish notes. Although steel demand in eastern China is expected to be boosted by the end of the rainy season, overall demand remains at the summer off-peak level. With the additional pressures of high supp…
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