22
Jan
11:09
Chinese late-January long steel offers slump
The Chinese long steel market has entered a seasonal period of weak demand. Two of the three major long steel mills in eastern China have adjusted their prices lower in an attempt to lift sales volumes, Kallanish notes.
For the last ten days of January, Shagang has held its long product offers stable to support the market. However, Zenith and Yonggang each cut rebar offers by CNY 50-170/t ($7.72-26.25/t) and high-speed wire rod and rebar in coil offers by CNY 170-…
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Anonymous
Very good overview of the weekly steel market.
Anonymous