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04 Jun
08:21

Cargill Metals closes physical steel business in China

Cargill has decided to close its physical steel trading business in China's domestic market. As the market has been impacted more by financial forces since last year, the physical trading arm of the company can no longer bring as much value as before, Kallanish understands. The physical steel team of the Cargill Metals Business Unit (BU) will all be disbanded by this July and eight traders and merchants, including those working for this company for over ten ye…
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