11
Sep
05:25
Chinese longs offers recover in mid-September
Chinese long steel prices recovered slightly in mid-September, encouraged by less supply pressure and better demand. Mills have followed suit by raising their ex-works list prices, Kallanish notes.
Major steelmakers such as Shagang, Zenith and Yonggang have all announced higher offers. Shagang and Zenith increased by CNY 100/tonne ($14/t) and CNY 70/t respectively to all long products, while Yonggang added CNY 100/t to rebar an…
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Anonymous
Very good overview of the weekly steel market.
Anonymous