21
Aug
03:10
Chinese steelmakers limit output to support prices
In the face of weak domestic demand, Chinese long steel prices have been pushing below breakeven. Steelmakers in several regions of the country have decided to limit production to control supply, Kallanish notes.
During August steel prices have barely responded to environmental production restrictions and have generally shown a downtrend. Shanghai spot 20mm HRB400 rebar prices are at CNY 3,580-3,600/tonne ($507-510/t), down CNY 230/t from the…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous