12
Jan
08:32
Major Chinese steel longs producers have cut their mid-January steel prices by CNY 30-400/tonne ($4.61-61.48/t), continuing the downward trend from the beginning of the year. Spot trading is also quite weak with the approach of the Chinese New Year and prices are closing at levels that could spark restocking, Kallanish notes.
In Shanghai on Friday afternoon 20mm HRB400 rebar was trading at CNY 3,730-3,770/t, down CNY 255/t from a week earlier. On the S…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
More free articles from our archive
Related articles
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous