04
Dec
04:27
Chinese longs' offers collapse in early December
Major Chinese longs producers, Shagang, Zenith and Yonggang have seen sharp declines in their long product offers for the first ten days of December. Hegang at the same time has also decreased its longs prices by different amounts, Kallanish notes.
Affected by the weak market trend, steelmakers are still signalling negative market sentiment in early December. Shagang, Zenith and Yonggang have all agreed to cut CNY 500/tonne ($72/t) from …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous