21
Jan
12:41
Chinese longs offers stabilise in frozen market
The Chinese long steel market quietened further in the last week before the Chinese New Year holiday. Major mills in eastern China announced their offers were unchanged in late January Kallanish notes.
Shagang, Zenith and Yonggang all plan to keep their prices stable for the last 11 days of January. However, the mills have to provide subsidies to their sales agents in the range of CNY 30-80/tonne ($4-12/t) because spot market prices were w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous