11
Nov
10:16
Chinese mid-November long steel offers surge
Benefiting from strong demand in the spot market in recent weeks, Chinese construction long products offers have skyrocketed in mid-November, Kallanish notes.
According to its official announcement, Shagang has added CNY 300/tonne ($45.33/t) to all long steel offers. Meanwhile, Zenith and Yonggang added CNY 270/t and CNY 300 respectively to rebar prices, and also boosted high-speed wire rod offers and rebar in coil offers by CNY 350/t. The increases are&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous