01
Nov
10:33
Chinese long steel offers slump in early-November
China's steel market has fallen into a chasm of weak demand, and three steel mills in eastern China have continued to cut their ex-factory prices in line with market trends.
According to the public information of steel mills, Shagang has reduced the price of only rebar by CNY 100/tonne ($13.75/t), while both Yonggang and Zenith have reduced the price of all long products by CNY 150-200/t (see table below). The steelmakers meanwhile are providing …
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Anonymous
Very good overview of the weekly steel market.
Anonymous