11
Apr
14:19
Chinese steelmakers decrease long steel prices
Several Chinese steel mills have all decreased their mid-April steel longs prices by CNY 50-210/tonne ($7.25-30.45/t), extending the downturn since early April. Spot market prices have also been weakening after steel plants decreased ex-work prices, with construction steel undergoing a price correction after soaring since lunar new year, Kallanish notes.
Shagang, Zhongtian Iron & Steel (Zenith) and Sanbao Iron & Steel, Hebei Iron & Steel, Shouga…
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Anonymous
Very good overview of the weekly steel market.
Anonymous