11
May
04:49
Chinese long steel offers hold steady
China's long steel product ex-factory prices narrowed their declines or held steady in mid-May, even though the steel market still has not seen signs of recovery.
Shagang announced CNY 50-100/t ($7-14/t) price cuts for construction longs, while Zenith maintained its offers for these products during the second ten days of May, Kallanish learns. The large-scale production reduction of Chinese steel mills has eased market supply pressure, and the negative ma…
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Anonymous
Very good overview of the weekly steel market.
Anonymous