01
Jul
12:23
China's early-July long steel offers slump
Construction steel prices in eastern China fell in early July, as the weak performance of the steel market forced steel mills to cut prices to bag promotional sales.
Shagang, Zenith and Yonggang each announced cuts of CNY 100/tonne ($13.75/t) for their rebar, wire rod and rebar in coil offers, Kallanish notes. Meanwhile, Zenith and Yonggang are providing CNY 140-155/t and CNY 170/t respectively to their sales agents to make up for losses in the past ten days. …
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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