22
May
05:52
Four Chinese steelmakers announce May maintenance
Four Chinese steel mills have announced equipment maintenances this week, affecting the production of hot metal, rebar, wire rod and cold-rolled coils. Although confidence in the spot market has recovered as futures prices have risen, market participants remain concerned about weakened demand in June, Kallanish notes.
Shougang Jingtang halted output from one 5,500-cubic-metre blast furnace during 12 May to 21 July, which is expected to cut iron ou…
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Anonymous
Very good overview of the weekly steel market.
Anonymous