23
Dec
10:37
Steel ends upswing as output still too high
Chinese steel prices increased over the first part of the week but ended their upswing on Wednesday. Steel production is expected to continue falling for several weeks, suggesting the next possibility for higher prices may be around Chinese New Year, Kallanish notes.
20mm HRB400 rebar in Shanghai has regained some ground lost over the last three weeks, increasing CNY 30/tonne from Friday to CNY 1,780-1,810/t ($275-279/t). Hot rolled coil continued to perform bet…
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Anonymous
Very good overview of the weekly steel market.
Anonymous