11
May
08:41
China's mid-May long product offers turn down
China's ex-factory prices for construction steel are beginning to turn lower in mid-May, even as Shagang tried to support the market.
Both Yonggang and Zenith in eastern China announced price cuts for their long steel offers such as rebar, high-speed wire rod and rebar in coil, Kallanish notes. In the second ten days of May, Zenith cut CNY 150/tonne ($22/t) from all long steel product offers. Yonggang cut CNY 100/t for rebar and CNY 50/t for the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous