01
Mar
08:34
Shagang leads Chinese longs' offers in early March
China's major longs producers made different adjustments to their short-term long product prices on 1 March. Hegang and Shagang have raised prices, but Yonggang and Zenith have kept offers steady. Shagang's offers for 1-10 March are now higher than the other three steel mills following the adjustment, Kallanish notes.
Shagang added CNY 50/tonne ($7.46/t) to each product from its late-February offers, and Hegang increased prices by CNY…
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Anonymous
Very good overview of the weekly steel market.
Anonymous