21
Mar
06:08
Chinese late-March longs offers remain stable
Three major construction steel producers in eastern China, Shagang, Zenith and Yonggang, have all held their long product offers steady for the last ten days of March.
Although steel prices briefly rose last week, spot market demand was hit by the impact of Covid-19 outbreaks, so the three steel mills held conservative market price estimates at the end of March, Kallanish notes. However, Shagang and Zenith offered CNY 200/tonne ($31.42/t) and CNY 130/t subsidies t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous