21
Mar
07:18
Chinese steel longs producers have continued to cut their offers in late March, facing high social inventories and lower than expected demand. Spot construction steel prices have been falling since late February, with little sign they will recover in the short term, Kallanish notes.
Several major domestic steel companies have announced CNY 30-200/tonne ($4.74-31.59/t) cuts to their late-March construction steel offers from mid-March. Eastern China’s Shagan…
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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