11
Jun
07:11
Chinese long steel offers to increase in mid-June
The Chinese rebar market is supported by higher iron ore prices and production restrictions, which led to a positive outlook at major construction longs producers, Kallanish notes.
For the second ten days of June, Shagang, Yonggang and Zenith all announced they would increase rebar offers by CNY 50/t ($7.07/t). The increase in rebar in coil and high-speed wire rod offers meanwhile reached CNY 50/t, CNY 80/t and CNY 100/t according to Shagang, Yonggang and Zen…
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Anonymous
Very good overview of the weekly steel market.
Anonymous