02
Jan
04:52
Chinese longs offers decline but Shagang holds prices
Major steelmakers in eastern China have still announced lower longs offers in early January amidst weak demand, even though the Chinese long steel market has recently faced less supply pressure, Kallanish notes.
During the first ten days of January, Zenith said the company will cut CNY 80/tonne ($11.5/t) from rebar, high speed wire rod and rebar in coil offers. Yonggang, meanwhile, will cut CNY 60/t from its long steel offers. Zenith plans to give a CNY …
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Anonymous
Very good overview of the weekly steel market.
Anonymous