02
Jul
08:30
Major Chinese longs producers maintain early-July offers
Major Chinese long producers, such as Shagang, Zenith Iron & Steel (Zenith) and Yonggang Iron & Steel (Yonggang), have issued unchanged long product offers for early July (see table below). Spot market prices for rebar have seen a downtrend over the last week following the increase of social inventories. This has made longs producers less confident to lift offers, Kallanish notes.
During the first ten days in July, the three…
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Anonymous
Very good overview of the weekly steel market.
Anonymous