02
Mar
10:57
Chinese long steel offers hold in early-March
Eastern Chinese mills' construction steel prices remained unchanged in early March, implying their conservative view on the market rebound.
Shagang, Zenith and Yonggang all announced stable long steel offers in the first ten days of March, Kallanish learns. Meanwhile, the mills provide CNY 30-120/t ($4-17/t) in subsidies to sales agents.
Sales in the spot steel market have slowly increased since March, and the market bets that demand will begin to be released…
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Anonymous
Very good overview of the weekly steel market.
Anonymous