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WEEKLY SUMMARY: China’s steel prices rise, sales up

ABSTRACT

China’s steel prices in both spot and futures markets showed signs of continuing strengthening over September 6-10, as steel output curbs had been intensified in many regions so as to help realize lower steel output for the whole year of 2021, while steel demand from traders and end-users had been improving though fluctuation continued, Mysteel Global noted.
Rebar: China’s national price of HRB400E 20mm dia rebar under Mysteel’s assessment, grew for the third week as of September 10 to its 3.5-month high of Yuan 5,525/tonne ($857/t) and including the 13% VAT, or up Yuan 168/t on week. Over September 6-10, the spot trading volume of construction steel comprising

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