06
May
13:48
Chinese long steel offers surge in early May
The Chinese construction steel market has soared in the first week of May, and mills’ positive expectations for demand have prompted them to hike ex-mill prices, Kallanish notes.
In the first ten days of May, major long steel producers in eastern China have lifted prices sharply by CNY 250/tonne ($38.6/t) to CNY 450/t (see table below). Market shipments from these mills was almost unchanged, with only Zenith cutting 20% supply for all three products dur…
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Anonymous
Very good overview of the weekly steel market.
Anonymous