21
Feb
08:00
Major Chinese steelmakers lift long product offers
Leading Chinese longs producers Shagang, Zenith and Yonggang ended more than a month of unchanged offers and raised their long products prices for the last eight days of February. This surprised market participants, who had expected prices to remain unchanged, Kallanish notes.
Under pressure from high and rising inventories, lifting prices implies more confidence in the future market. However, current demand may not yet be enough to support such a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous