22
Jul
12:19
Chinese late-July long steel offers decline
The ex-factory prices for construction steel in eastern China continued to fall in the last ten days of July, on the strong destocking sentiment in the market.
According to the latest market information, Shagang cut CNY 100/tonne to its rebar and rebar in coil offers in late-July. Meanwhile, Zenith and Yonggang reduced their long steel offers by CNY 50/t. The steel mills also provided CNY 10-100/t subsidies to their sales agents in order to make up for losses in t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous