21
Nov
07:54
Chinese longs offers slump in late November
Major Chinese steel longs producers, Shgang, Yonggang and Zenith Steel have cut their offer prices further for the last ten days of November, according to their lastest market announcements. The market expects long products in late-November to be weaker than mid-November due to sufficient market supply and weaker end-user demand, Kallanish notes.
Shagang sharply reduced its rebar offers by CNY 180/tonne ($26/t) and took CNY 150/t off offers for rebar i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous