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01 Apr
10:05

Chinese long steel prices remain unchanged

As the peak of the post Chinese New Year cycle fades, China's long steel market remains stable, Kallanish notes. In the first ten days of April, major longs producers Shagang, Zenith and Yonggang all maintained their offers. However, the planned market shipments of Zenith and Yonggang fell. In the reporting period, Zenith announced it would cut -20% of rebar supply, and Yonggang plans to reduce -30% of rebar supply and -15% of wire rod and reb…
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