21
Oct
07:57
China's long steel offers slump, Shagang hold prices
Policies to cool coal futures markets have undermined sentiment in the Chinese steel market, Kallanish notes.
Major Chinese long steel producers in eastern China, Yonggang and Zenith both cut CNY 200/t ($31.26/t) for rebar offers and CNY 230-250/t for high-speed wire rod and rebar in coil offers. Shagang however maintain its prices to support market. Shagang has also announced the closure of more than half its rolling lines in response to power rest…
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