01
Jul
04:23
Major Chinese longs producers lift early-July offers
Chinese steel market prices increased sharply last week, affected by restrictions (see Kallanish passim). This also raised market expectations, and major long steel producers increased their offers significantly for early-July, Kallanish notes.
Shagang, Yonggang and Zenith all agreed with CNY 200/tonne ($29.2/t) increases to CNY 4,170/t for rebar. Meanwhile, Shagang added CNY 150/t to high-speed wire rod and rebar in coil offers, wh…
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Anonymous
Very good overview of the weekly steel market.
Anonymous