21
Jun
12:04
Chinese mills slash late-June longs offers
China's construction steel market has experienced panic selling since last week, with market prices bottoming out on Monday.
The three leading long steel producers in eastern China, Shagang, Zenith and Yonggang, all announced the largest drop so far this year for bookings in the last ten days of June. Including subsidies to sales agents, this period's effective price decline stands at CNY 450-820/tonne ($67-122/t), Kallanish notes.
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous