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02 Mar

Chinese mills continue to lift construction steel prices

Major Chinese steel companies have increased their early-March construction steel offers on those in February by CNY 50-250/tonne ($7.88-39.42/t), especially in eastern China. Long product social inventory has continued to grow as the market waits for demand to catch up with supply. Actual spot trading over late-February was still mainly between traders, with real end user demand expected to recover further from 5 March, Kallanish notes. Market rebar iā€¦
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