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11 Sep

Chinese long steel offers remain flat

Ex-mill prices of construction steel in eastern China have remained flat for a month as of mid-September, with steel mills maintaining price stability amid market fluctuations. Shagang, Zenith, and Yonggang have all kept their long steel offers stable for the second ten days of September, Kallanish notes. The mills meanwhile provided CNY 30-150/tonne ($4-20/t) subsidies to their sales agents. Compared with previous weeks, the subsidies provided by producers h…
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Kallanish Asia
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