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12 Mar

More Chinese steel mills cut longs offers

Major Chinese construction steel producers have cut or kept stable their mid-March offers from early March. Generally, spot market steel longs prices are trending down in the face of accumulated social inventory and the late recovery in demand, Kallanish notes. Eastern China's Shagang, Nanjing Iron & Steel and Ma’anshan Iron & Steel (Shougang), northern Shougang, Shanxi Jianlong and Jinan Iron & Steel, and southern Kunming Iron &a…
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