13
Jun
13:35
Chinese longs mills hold most offers
Eastern China-based construction steel producers Shagang, Zenith and Yonggang have announced stable ex-works prices for rebar for the second ten days of June.
However, the spot market has rebounded over the past ten days, and Zenith thus raised its prices for wire rod and rebar in coil to keep level with Yonggang, Kallanish notes. Meanwhile, the three steel mills are providing subsidies of CNY 30-350/tonne ($4-52/t) to sales agents, with Shagang handing CNY 3…
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Anonymous
Very good overview of the weekly steel market.
Anonymous