DAILY: China’s long steel prices stressed on low demand

China’s steel prices especially those for long have been softening amid the remaining lacklustre demand in the adverse summer weather.
Mysteel’s Q235 150mm square billet benchmark price in Tangshan of North China’s Hebei province, a crucial indicator of China’s steel market sentiment in the region, reversed down Yuan 10/tonne ($1.4/t) over the weekend to Yuan 3,570/t EXW and including the 13% VAT as of August 4. On August 2, China’s national


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