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23 Jan
05:16

Chinese steelmakers increase or maintain longs ex-works prices

Several Chinese steelmakers have announced their late-January long products ex-works prices, with differing trends in Eastern China and Northern China. Generally speaking the market is quite weak during Chinese spring festival season, Kallanish notes. Eastern China's Shagang and Yonggang have kept their late-January longs prices mainly flat. Northern China's Hebei Iron & Steel Group, meanwhile, boosted their late-January and early-February …
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