13
Sep
14:39
Baosteel hikes prices but Shagang cuts rebar
Eastern China’s Baosteel has hiked its October flats prices by CNY 100-150/tonne, signalling better prices after the National Day holiday. A price hike in this period is not unusual but falling spot market prices have created doubts that the market can recover, Kallanish notes.
Baosteel’s hike of CNY 100/t for hot rolled coil and CNY 150/t for cold rolled suggest that it expects a seasonal pick-up in demand in October. This is in line with many previ…
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Anonymous
Very good overview of the weekly steel market.
Anonymous