01
Jul
08:35
Chinese long steel offers held stable
Chinese long steel offer prices have remained stable even though expectations for demand in the first ten days of July have weakened, Kallanish notes.
According to mills' official announcements, Shagang, Zenith and Yonggang all kept their long steel prices unchanged in early July. The steelmakers will give CNY 50-70/tonne ($7-10/t) subsidies to sales agents which completed their sales targets for wire rod and rebar in coil in the past ten days. CNY 90-150…
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Anonymous
Very good overview of the weekly steel market.
Anonymous