11
Dec
05:52
Chinese longs' offers slump in mid-December
Chinese long steel producers Shagang, Zenith and Yonggang all lowered most of their offers in mid-December. Only Shagang's rebar prices have been held steady, Kallanish notes.
Weaker market demand and rising inventories in recent days have triggered a sharp price downtrend. Zenith and Yonggang announced a CNY 70/tonne ($9.95/t) cut in rebar offer prices in the second ten days of December, and CNY 230/t decreases for high-speed wire r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous