01
Jun
05:34
Chinese longs offers diverge in early-June
Chinese long steel offers are diverging in early-June as Shagang and Yonggang lift prices while Zenith keeps prices unchanged, Kallanish notes.
For the first ten days of June, Shagang and Yonggang announced they would increase the long steel offers by CNY 50/t ($7/t) and CNY 20/t respectively. Zenith however is keeping its offers unchanged, as it did for late May. The three steelmakers meanwhile will pay CNY 30/t-60/t subsidies to age…
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Anonymous
Very good overview of the weekly steel market.
Anonymous