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13 Nov
05:50

Chinese steel mill list prices lack confidence

Chinese steelmakers have announced mixed offers for mid-November construction steel product ex-works price lists, continuing the uncertain trend since the start of November. Restrictions on steel production since mid-October have successfully pushed rebar social inventory down and prices rebounded last week. Mills still lack the confidence however to push through larger price increases. Differing inventory pressure according to product type has impacte…
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