11
Mar
11:28
Chinese long prices jump in mid-March
Three major construction steel producers in eastern China raised long product prices in mid-March. The surge in spot prices over the past two weeks has prompted mills to follow this trend.
Kallanish learns from the steelmakers' public announcements that Shagang added CNY 200/t ($31.62/t) to all long products, while Zenith and Yonggang each added CNY 100/t to offers. Yonggang cut 10% of rebar supply due to maintenance, but Shagang increased the supply…
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Anonymous
Very good overview of the weekly steel market.
Anonymous