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13 Mar

Major Chinese plants increase flats offer slightly

Several Major Chinese steel companies have lifted their April ex-works contract list prices by around CNY 50/tonne ($7.91/t) for orders from mid-March. Spot market prices have been dragged down by rebar but there is more support for flats from both lower inventories and increasing mill prices, Kallanish notes. Compared with the downtrend in construction steel prices, prices and demand for flat steel products have started to recover from the holidays at a steady …
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