01
Mar
19:58
Chinese long steel offers drop further
Eastern China's construction longs suppliers Zenith Steel and Yonggang have cut their offers for the first ten days of March by CNY 50/tonne ($7.15/t), showing their extended negative expectations for the market, Kallanish notes. Last week, another major mill Shagang announced a huge slump in its long steel offers in the same period (see Kallanish passim).
The two mills have not only lowered prices but have also announced rebates to sales agent…
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Anonymous
Very good overview of the weekly steel market.
Anonymous