With the decrease in inventory and increase in ex-work prices steel spot market in china edged higher again this week.
Spot rebar traded higher on Friday with Beijing leading the increase. Steel producers have raised their prices consecutively for long products this week, quoting higher prices in a warmer market.
China's major steel Co. Shagang is also expected to release its prices of long products for March this week and traders expect to see a upward revision in prices say by 50 yuan/MT.
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