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


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 slip over May 9-13, as demand from end-users has remained sluggish, mainly due to COVID-induced disruptions and approaching slack season for steel consumption. Meanwhile, rebar stocks at 429 warehouses in 132 Chinese cities under Mysteel's survey gained by 1% on week to 12.7


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