26
Aug
10:23
Chinese long steel offers decline in late-August
The Chinese construction steel market continued its downward trend in late-August, and steel mills to chose to cut their offers in response to falling spot prices, Kallanish notes.
In the last ten days of August, Shagang cut CNY 150/t ($23.14/t) from its rebar, high-speed wire rod and rebar in coil prices. Zenith and Yonggang meanwhile cut CNY 100/t from all products. The drastic changes in the market have forced steel mills to subsidize their agents to …
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Anonymous
Very good overview of the weekly steel market.
Anonymous