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11 Mar
06:53

Major Chinese long steelmakers maintain mid-March offers

China's major construction steel producers stabilized their offers in mid-March despite a demand recovery and higher raw material costs. Although pressure on steel mills' sales has eased, ex-works prices are still slightly higher than the spot market, making it difficult to support further increases, market participants tell Kallanish. In the second ten days of March, Shagang, Zenith and Yonggang all kept their longs prices uncha…
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