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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 be narrowly range-bound over April 25-29, as demand from end-users has yet to recover from COVID-induced disruptions. Meanwhile, there is limited room for rebar production to grow further, as China's National Development and Reform Commission announced on April 19 that it will ensure lower

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