28
Mar
11:30
Sanbao arranges maintenance to avoid losses
South-eastern China’s Fujian Sanbao Iron & Steel, a private steel longs producer, has announced maintenance over late-March to late April. This is due to expectations that it would make a slight loss per tonne at current steel prices.
In Shanghai mid-grade 20mm HRB400 has fallen to around CNY 3,515/tonne ($558.25/t) fot by the end of last week, having fallen by around CNY 500/t since the start of the year, Kallanish notes. On the physical market howeve…
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Anonymous
Very good overview of the weekly steel market.
Anonymous