23
Dec
12:30
Chinese mills hike late-December longs offers
Major construction steel producers in eastern China have lifted their offer prices for late December, but the increases were varied. The spot market fell sharply after the withdrawal of the speculative capital which had sent futures soaring at the start of the week, Kallanish notes.
Shagang, Zenith and Yonggang all chose to increase their construction steel offers by CNY 100-250/tonne ($15.3-38.25/t) for 21-31 December. The increase in prices is mainly due to the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous