11
Jan
10:18
Chinese long offers remain stable in mid-January
China's major longs producer Shagang, Zenith and Yonggang have announced their offers for the second 10-day period of January. As predicted by the market, these offers have not changed from those of early January, Kallanish notes.
Market sources believe that spot prices are still being supported in the short term. As demand has gradually dissipated, rebar inventories have grown, but this process has been slow and stock levels are still low. Th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous