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11 Apr

Chinese mills announce mixed longs offers

Major Chinese steel companies have released mixed new offers for their mid-April construction steel prices (see table below), mostly due to the different frequency of their price adjustments. Generally, spot markets have been falling slightly but sentiment is turning positive. Long steel prices have started rebounding recently with more mills lifting offers. Buying from construction has improved and social inventory consumption sped up around mid-April, Kal…
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