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CSC: Steel future market stays optimistic

12 Jun 2019 16:07 reported by Jordan Huang

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Chinese Baosteel and Wuhan Steel have announced to reduce their main hot-rolled product prices by RMB100/ton on June 6th, which was the first drop price this year.

However, the leading carbon steel company in Taiwan, China Steel Corporation (CSC), said that some of the South Korean mills have faced the factory production suspension due to the environmental issue, and the trade war was also expected to be solved before last quarter of this year.

Based on those reasons, market participants did not need to worry too much on the future market of steel.

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