22
Oct
05:40
Major Chinese mills cut late-October rebar prices
Supply pressures have driven China's major longs’ steel mills Shagang, Zenith and Yonggang to cut prices for their products in the last ten days of October, Kallanish notes.
For the period in question, Shagang and Yonggang have cut CNY 100/tonne ($14.13/t) for rebar offers, and Zenith has cut CNY 90/t for rebar prices. Shagang has left rebar in coil and wire rod offers unchanged, while Zenith and Yonggang have cut CNY 50/t and CNY 80/t r…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous