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14 Dec

Chinese mills lift January 2018 flat steel offers

Several major Chinese steel companies have raised their flat steel ex-works offers for January 2018 by CNY 80-200/tonne ($12.08-30.21/t) after two months with no changes. Mills’ prices have shown a stronger trend than both current spot prices and futures markets as the new year approaches, Kallanish notes. North-eastern China's Anshan Iron & Steel (Angang), and Baowu Group’s Baosteel and Wuhan Iron & Steel (Wugang) have increased the…
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