01
Dec
12:20
Chinese long steel offers remain for early December
Three long steel mills in eastern China - Shagang, Zenith and Yonggang - all kept their ex-works prices unchanged for long steel products in early December.
However, these steel mills provided agents with a sales subsidy of CNY 90-130/tonne ($12-18/t) to make up for the agents' sales losses in the past 10 days, Kallanish notes. In terms of the market shipments, Yonggang cut 10% for all products, and Shagang reduced its rebar shipments by 55% and stee…
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Anonymous
Very good overview of the weekly steel market.
Anonymous