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21 Nov

Chinese mills increase construction steel offers

Several Chinese steel companies located in different areas of China have increased their late-November construction steel ex-works prices by CNY 50-200/tonne ($7.54-30.16/t). Shanghai steel futures have continued to increase supported by stable long steel demand, environmental production restrictions and rebar specification shortages in some areas, Kallanish notes. On the Shanghai Futures Exchange the May rebar contract closed at CNY 3,763/t, CNY 67/t highe…
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