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23 Apr

Chinese mills lift construction steel prices

Major Chinese steel companies have increased their long products’ offers by CNY 30-250/tonne ($4.77-39.76/t) for late April, stimulated by improving steel demand and the continuing fall in social inventories, Kallanish notes. Eastern China’s Shagang, Zhongtian Iron & Steel (Zenith) and Nanjing Yuhua, and northern China’s Hebei Iron & Steel have all increased their construction steel offers following periods of either price cut…
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