01
Feb
10:51
Chinese early-February longs offers hold firm
Long product mill prices in eastern China remain mostly unchanged at the beginning of February, but Zenith has raised prices in expectation of demand after the Chinese New Year, Kallanish notes.
According to mills' announcements, Shagang and Yonggang kept their long steel offers stable for the first ten days of February. The two mills meanwhile gave CNY 200/tonne ($30.96/t) subsidies to sales agents. Zenith, however, lifted all long steel offers by CNY 10…
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Anonymous
Very good overview of the weekly steel market.
Anonymous