22
May
10:53
Major Chinese longs' producers publish mid-May offers late
Major Chinese steelmakers have released late offers for construction longs for mid-May. These were posted on 21 May (see table below). All steelmakers have kept their offers unchanged from mid-May, Kallanish notes.
Chinese construction long product prices have been on a downwards trend since late April. The arrival of the rainy season has reduced demand from end users and has also lowered the speed of decrease in social inventories. Maj…
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Anonymous
Very good overview of the weekly steel market.
Anonymous