11
Apr
04:03
Chinese long steel offers slump in mid-April
The rapid weakening of China's steel market has forced three construction steel producers in eastern China to sharply lower ex-factory prices to follow market trends.
In the second ten days of April, Shagang announced it would cut CNY 100/tonne ($14.52/t) from rebar offers and CNY 150/t from wire rod and rebar in coil offers. Meanwhile, Zenith announced a CNY 200/t decline for all long steel offers, while Yonggang cut CNY 200-250/t to its long steel …
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Anonymous
Very good overview of the weekly steel market.
Anonymous