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11 Nov
06:15

Firm Chinese longs market attracts Korean imports

Strong short-term steel demand and positive fundamentals have encouraged Chinese long product mills to be more confident in the mid-November market and they have raised long product prices. This has also attracted wire rods imports from other countries such as South Korea, Kallanish notes. Major Chinese longs producers Shagang, Zenith and Yonggang announced they would increase their longs offers by CNY 60-80/t ($8.57-11.43/t) in the second ten day…
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