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WEEKLY: Near-term outlook on China's key steel products

ABSTRACT

Below is the brief near-term outlook of the five key steel products Mysteel shares on a weekly basis, drawing upon the results of related surveys and communication with the Chinese market participants.
Rebar & wire rod: The prices of these longs may soften further over November 15-19, as demand from end-users has been more sluggish than expected, and most traders have tendency to sell off stocks to lower the exposure to pricing risks. Rebar stocks at China's 137 steelmakers under Mysteel's tracking

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