21
Nov
09:40
Chinese long steel offers gain in late November
Eastern Chinese steel mills have seen ex-factory steel prices remain strong in late November, even as spot market transactions weakened due to soft demand, Kallanish notes.
According to public information, Shagang added CNY 200/tonne ($28/t) to its rebar and rebar-in-coil offers. Meanwhile, Zenith and Yonggang both added CNY 50/t to rebar offers, and increased their high-speed wire rod and rebar-in-coil offers respectively by CNY 50/t and CNY 100/t. Zenith and Yon…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous