13
Jul
06:50
Chinese long steel offers remain stable
Despite some signs of firming, Chinese steel mills have kept their domestic construction long steel offers stable, Kallanish notes.
Shagang, Zenith and Yonggang all kept their long steel prices unchanged in mid-July from the previous ten days. The steelmakers will give CNY40-50/tonne ($6-7/t) subsidies to sales agents which completed their sales targets for wire rod and rebar in coil in the past ten days. CNY 90-170/t subsidies will be given to sale…
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Anonymous
Very good overview of the weekly steel market.
Anonymous