21
Dec
12:40
Chinese late-December longs offers remain firm
Chinese construction steel mills have increased their long steel product offers for the end of December. The rebound in steel mill profits and relaxation of production restrictions has led to an increase in production, Kallanish notes.
During the last 11 days of December, Shagang has maintained its prices. Zenith and Yonggang however increased long steel prices by CNY 100/tonne ($15.7/t) and CNY 50/t respectively. Meanwhile, Shagang offered subsidies of&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous