02
Sep
04:45
Chinese longs offers slump in early September
The Chinese long steel market has started September with a slump. Major steelmakers such as Shagang, Zenith, Yonggang and Hegang have announced another sharp decrease for long steel offers in the first ten days of the month, Kallanish notes.
Shagang had held its price steady in the past ten days, so this time announced a larger decline, slashing CNY 250/tonne ($35/t) from rebar offers. It also cut CNY 180/t and CNY 160/t from high-speed …
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Anonymous
Very good overview of the weekly steel market.
Anonymous