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22 Jan

Chinese construction steelmakers react to winter restocking

Chinese construction steelmakers have published mixed offer prices for late January, each according to their local markets’ requirements for restocking. Major eastern steel companies cut their offers by CNY 200-300/tonnes ($31-47/t), while southern and central steelmakers announced slight increases in their prices, Kallanish notes. Shagang is refunding mid-January rebar orders by CNY 350/t and CNY 300/t for rebar in coil and high speed wire rod. …
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