21
May
07:41
Chinese long steel offers rise in late May
The Chinese steel market has strengthened ahead of the “two sessions” meetings in Beijing, even if the volume of spot market transactions has fallen slightly, Kallanish notes.
Major mills in eastern China have increased their offers by CNY 50-80/tonne ($7-11/t) for the last ten days of May. Shagang and Zenith announced they would lift prices for rebar, high-speed wire rod and rebar in coil by CNY 50/t, and Yonggang plans to add CNY 80/t to pr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous