03
Jun
07:48
Chinese longs mills maintain prices for early June
Major Chinese long steelmakers Shagang, Zenith and Yonggang have again maintained offers in early June, unchanged since the end of April, Kallanish notes.
Against market expectations of a price decline, the three major steel mills still hope to support market confidence through holding offers. But other steel mills are eager to seek deals by cutting prices. Baotou Iron & Steel in Inner Mongolia announced it will cut its longs' offers for t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous