02
Aug
09:31
Major Chinese long producers lift early-August offers
Major Chinese steelmakers on have lifted their early-August offers for construction longs (see table below). Chinese producers have more confidence in raising their offers as Tangshan has production restrictions and a China-US trade war could boost credit in the coming months, Kallanish notes.
Shagang, Zenith, Yonggang and Hegang all added CNY 100/tonne ($15/t) to their rebar offers for the first ten days of August. Shagang increases its…
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Anonymous
Very good overview of the weekly steel market.
Anonymous