22
Aug
10:06
Chinese long offers remain stable in late-August
Chinese construction steel list prices from key mills remained unchanged in the last 10 days of August, with steel mills holding prices due to weak demand.
Shagang, Zenith and Yonggang in eastern China all kept long steel offers stable. However, the mills provided CNY 20-200/tonne ($2.9-29.2/t) subsidies to sales agents. The price in the spot market is lower than the ex-factory price of the steel mills, so the mills have to make up the losses b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous