12
Mar
13:12
Chinese long steel offers slump for mid-March
The ex-factory prices of construction steel in eastern China plummeted in mid-March, and the unexpected drop in the steel market routed price sentiment.
In the second ten days of March, Shagang announced a price cut of CNY 100/t for its rebar and wire rod offers, in addition to the CNY 50/t and CNY 150/t subsidies for rebar and rebar in coil to be provided to sales agents. Meanwhile Zenith and Yonggang both cut CNY 350/t from their long steel offers, with the two …
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Anonymous
Very good overview of the weekly steel market.
Anonymous