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21 Mar

Chinese long steel offers hold in late March

Ex-mill prices of construction steel products in eastern China have remained flat in late March. The turmoil in international financial markets is expected to continue to have a negative impact on the commodity market. Shagang, Zenith and Yonggang all announced stable prices for rebar, wire rod and rebar in coil for the last ten days of March. Meanwhile, as the market turned to a downward trend, these steel mills also provided agents with subsidies of CNY 50-170/t…
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