01
Dec
06:02
Chinese long steel offers correct in early-December
China's construction long steel offers started to correct in early-December after nearly a month of rapid increases, Kallanish notes.
A week after spot market prices turned downwards, three major steel mills in eastern China announced that they would no longer raise prices. Zenith announced it would cut CNY 80/t ($12.17/t) from rebar offers in the first ten days of December, and cut CNY 100/t from high-speed wire rod and rebar in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous