23
Oct
06:51
Chinese long steel offers return to downtrend
China's construction steel prices have fallen back into a downward trend after a brief recovery in spot market prices, with steel mills lowering ex-factory prices to spur buying sentiment.
Shagang announced a CNY 100/tonne ($13.6/t) price cut for its rebar and rebar in coil offers in the last ten days of October, Kallanish learns from public market information. Zenith and Yonggang meanwhile kept long steel offers stable. In addition, Shagang provides CNY 120/t…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous