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22 Jun
07:20

Chinese longs offers remain stable in late June

Chinese long steel market prices are being affected by negative expectations and mills have kept offers unchanged in late June. Major long steel producers in eastern China, Shagang, Zenith and Yonggang, all ended several rounds of increases and stabilised their offers, Kallanish notes. For the last ten days of June, only Zenith increased high-speed wire rod and rebar in coil offers by CNY 30/tonne ($4.24/t). Yonggang and Shagang will give …
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