02
Aug
10:14
China's long steel offers rebound in early-August
China's construction steel prices have returned to growth as the market recovered. Two steel mills in eastern China lifted their long steel offers in early August.
Kallanish learns from steel mills' public information that Zenith and Yonggang both added CNY 200-250/t ($29-37/t) to rebar, high-speed wire rod and rebar in coil offers. Meanwhile, the steelmakers provided CNY 60-180/t subsidies to sales agents. Shagang however only kept long offers s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous