22
Sep
05:54
Chinese steel mills cut rebar price
Most major Chinese steel companies have cut their late-September rebar ex-work prices by CNY 40-100/t ($6-15/t) across all regions, continuing the downtrend. China’s frequent announcements on restricting construction activity in northern China and lower than expected market demand have further weakened sentiment, Kallanish notes.
Several companies have decreased their late-September rebar ex-works offer prices. Eastern China’s Shagang, Shente Iron &a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous