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MYSTEEL: China construction steel prices to see upturn in May

Source: Mysteel May 06, 2023 12:00
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Construction Steel Price Production
Prices of construction steel products across China may see signs of stabilizing or even achieve a rebound this month, in anticipation of domestic steelmakers' output cuts which may last for several weeks in a row, Mysteel predicted in its latest monthly report.
In April, core construction steel products such as rebar witnessed a steep slide in prices as useful demand from end-users declined from March while production costs dropped with tumbling raw material prices, according to the report.    The spot trading of construction steel comprising rebar, wire rod and bar-in-coil among 237

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