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21 Apr
04:22

Chinese late-April rebar prices remain unchanged

The rebar market in China is gradually weakening with lower sales, Kallanish notes. Shagang, Zenith and Yonggang, the major steel producers in eastern China, have left prices unchanged for the last ten days of April. In terms of market supply, China's steel output has remained steady in recent weeks. At the same time, the output of electric arc furnace steel is gradually increasing, and the operating rate of electric arc furnace steel has exceeded 60%. The mar…
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