12
Jul
09:59
China’s long steel offers increase in mid-July
The Chinese long products market rebounded last week, allowing three steel mills in eastern China to drive up long steel offers for mid-July, Kallanish notes.
Shagang, Zenith and Yonggang have moved their list prices in unison. These mills have increased their rebar offer prices by CNY 200/t ($30.86/t) but kept offers for wire rods stable. In addition, Zenith and Yonggang are providing subsidies to agents which completed sales targets in the previou…
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Anonymous
Very good overview of the weekly steel market.
Anonymous