21
Oct
12:25
Chinese late-October long steel offers increase
China's construction steel market has seen a slight rebound in prices after a brief decline, and major eastern Chinese steel mills have tried to raise prices to further stimulate the market, Kallanish notes.
During the last ten days of October, Shagang and Yonggang kept rebar prices unchanged but Zenith added CNY 50/tonne ($7.51/t). All three steelmakers announced increases for rebar in coil and high-speed wire rod offers. Shagang added CNY 50/t…
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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