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22 Dec

Chinese mills announce mixed construction steel offers

Most Chinese steel companies have cut their late-December steel offers by CNY 30-330/tonne ($4.56-50.18/t), while some other have kept prices stable and a few have lifted quotations by CNY 10-20/t. A downtrend in orders has weakened spot construction steel prices, but tight market balance has held rebar prices higher than hot rolled coil, Kallanish notes. Several Chinese steel producers have published their construction steel offers over 21-3…
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