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11 Dec

Price divergence appears in Chinese construction steel offers

Most Chinese steel longs producers have raised mid-December offers by CNY 20-200/tonne ($3.02-30.23/t) in eastern China, although others have begun to cut offers by CNY 50-140/t following the hike in early December. As trading volumes continue to reflect lower seasonal demand, some price re-adjustment can be expected after the recent strong increases. The firm physical trading sector, frequent urgent steel production restrictions and sliding social inventory how…
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