11
Dec
11:36
Chinese long steel offers hold in mid-December
China's construction long product offers were affected by the slowdown in demand. Steel mills are aiming to hold the line however to support longs prices amid the gloabl price rally, Kallanish notes.
The three major longs steel mills in eastern China, Shagang, Zenith and Yonggang ,announced they would keep most of their offers stable. Only Zenith cut CNY 100/t ($15.28/t) from its high-speed wire rod and rebar in coil offers. As the decline in the spot pri…
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Anonymous
Very good overview of the weekly steel market.
Anonymous