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02 Feb

Chinese mills raise or hold construction steel offers

Major Chinese construction steel producers have kept their offers unchanged or lifted them by CNY 10-50/tonne ($1.6-8.0/t) for early February. Relatively low mill inventory and better export volumes are giving steelmakers confidence to maintain or increase offers over the winter restocking period, Kallanish notes. Hebei Iron & Steel (Hegang), Shagang Group, Zhongtian Iron & Steel (Zenith), Xiangtan Iron & Steel (Xiangtan) and several other mediu…
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