14
Nov
08:04
Shandong steelmakers to support prices in December
Several steel mills in Shandong Province have held a meeting at Shandong Iron and Steel's Laiwu Steel, collectively expressing their expectation of higher local steel prices in December. Their attempts to bolster the market thorugh coordinated offer prices and reduced output come at a time when spot market prices are plummeting, Kallanish notes.
These mills believe that the difference in offer prices between local steel mills in Shandong and those …
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Anonymous
Very good overview of the weekly steel market.
Anonymous