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18 Oct
07:53

Chinese stainless steel prices stride on upstream disruptions

Chinese stainless steel prices were rising steadily in the past few days because of raw materials shortages, as well as logistics problems amid Covid lockdowns across the country, Kallanish notes. Just a few days after the holidays at the beginning of October, stainless steel manufacturers had ambitious plans to ramp up production, creating worries about oversupply and depressed prices. These were later dispelled by raw material supply problems. A rail strike in …
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