04
Jan
09:29
Chinese early-January longs offers decline on weakening sentiment
China's long steel market saw ex-factory offers decline for the first ten days of January. The approaching Lunar New Year holidays are weaking buying sentiment, Kallanish notes.
Shagang, Zenith and Yonggang all announced they would cut CNY 100/tonne ($15.68/t) from rebar, high-speed wire rod and rebar in coil prices in early January. All these steelmakers are also providing CNY 120-160/t subsidies to sales agents for completing their sales targets in the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous