22
Apr
04:38
Chinese longs prices continue to increase in April
A series of new production restrictions announced in northern China's Hebei Province and Shandong Province have increased market confidence, with major longs producers Shagang, Zenith and Yonggang continuing to raise their offers in the last 10 days of April, Kallanish notes.
In late April, Shagang increased its rebar prices by CNY 50/tonne ($7.45/t). Zenith and Yonggang, meanwhile, raised prices by CNY 80/t and CNY 100/t. High-speed wire rod offers and reba…
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Anonymous
Very good overview of the weekly steel market.
Anonymous