19
Dec
07:25
Bengang, Shougang reduce January offers for flat products
Following Baowu and Angang's lower offers for flat steel products for January, Bengang and Shougang have also released lower offers. Although spot market prices have rebounded in recent days, traders think that dealing levels are not enough to support the market in the long term. Expectations for the next month are negative therefore, Kallanish notes.
Bengang has announced it will cut CNY 200/tonne ($29/t) from its hot rolled co…
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Anonymous
Very good overview of the weekly steel market.
Anonymous