12
Dec
11:31
Chinese longs offers rise in mid-December
China's construction steel market is expected to pick up in mid-December. Three major steel mills in eastern China, Shagang, Zenith and Yonggang, have raised their ex-works prices for 11-20 December.
Kallanish learns from mills' public announcements that Shagang and Yonggang increased rebar prices by CNY 100/tonne ($14.34/t) to CNY 4,050/t, and Zenith lifted rebar by CNY 50/t to CNY 4,000/t. These mills are also providing sales subsidies of CNY 5…
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Anonymous
Very good overview of the weekly steel market.
Anonymous