11
Jul
12:16
China's mid-July long steel offers decline further
Construction steel ex-works prices in eastern China declined again in mid-July, driven by a lack of market momentum and a gradual dip in market confidence.
Shagang held its offers stable for the second ten days of July, according to the company's public information. However, Zenith and Yonggang announced they would cut CNY 70/t ($9.63/t) from their long steel offers during the same period (see table below), Kallanish notes. Zenith, meanwhile, provides CNY 50/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous