13
Nov
02:46
Angang, Wugang to reduce offers for December
After Baosteel indicated that it had lowered its flat steel offers for December delivery, Anshan Iron & Steel (Angang) and Wuhan Iron & Steel (Wugang) have also announced lower offer prices. Flat steel offers from both steelmakers have dropped by CNY 100-200/tonne ($14-28/t), and Wugang has also lowered wire rod prices, Kallanish notes.
According to Angang's report, HRC, CRC, full-hard CRC and HDG offers will be lowered by CNY 200/t.&n…
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Anonymous
Very good overview of the weekly steel market.
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