12
Aug
07:18
Chinese mid-August long steel offers hold firm
The ex-factory prices of construction steel in eastern China remained almost unchanged in mid-August, as market confidence has rebounded, Kallanish notes.
In the second ten days of August, Zenith and Yonggang both held their long steel offers firm, despite Shagang announcing a CNY 70/t ($9.74/t) price cut for its rebar offers. The mills, however, also provided CNY 70-125/t sales subsidies to their agents to make up for sales losses in the past ten days of early-Au…
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Anonymous
Very good overview of the weekly steel market.
Anonymous