11
Aug
07:07
Chinese long steel offers lose support in mid-August
The Chinese construction long products market has fallen in mid-August, and the sharp drop in market prices caused steel mills to cut list prices to adapt to the market situation, Kallanish notes.
During the second ten-day period in August, three steel mills in eastern China lowered their rebar prices by CNY 150-200/t ($23.15-30.86/t). The price reduction for other products was CNY 150/t for Zenith and Yonggang. Shagang however kept its prices of wire ro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous