Customers' inventories are said to be lower now in Canada. Imports are minimal. Once the seasonal downturn is over, local producers expect to see a pick up in demand, although distributors report slow activity levels. However, delivery lead times remain short with some mills still willing to do deals in order to keep their operations busy.

We have noted a complete reversal of the price tendency in China over the Summer. Domestic values are escalating sharply. Tight supply, together with high raw material costs, are triggering the increases. Maintenance work planned by several major mills is likely to cause further restrictions on output ...

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