03
Oct
13:58
Chinese long steel offers hold during holiday
Eastern China ex-mill construction steel prices remain stable in early October as the market entered the Golden Week holiday. However, the confidence of Chinese steel mills seems to have weakened, Kallanish notes.
Major steelmakers in eastern China, Shagang and Zenith, both maintained their long steel offers for the first ten days of October. This follows their price hikes by CNY 80-100/t ($11-14/t) announced for late September. The steelmakers are meanwhile provi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous