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01 Dec

Chinese mills hike construction steel prices

Major Chinese construction steel companies have hiked their early-December ex-works prices by CNY 80-550/tonne ($12-83/t). With the strict enforcement of steel production restrictions kicking in since mid-November, Chinese domestic steel prices have climbed to a five-year high, Kallanish notes. Northern China’s Shandong Shifeng and Shanxi Jianlong, eastern Shagang, Zhongtian Iron & Steel (Zenith) and Ma’anshan Iron & Steel (Magang),…
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