01
Apr
11:06
Chinese early-April long steel offers jump
Chinese long product offers continue to rise in early April. The three major long steel producers in eastern China, Shagang, Zenith and Yonggang, have all lifted their offers to different degrees.
Kallanish learns from public information that supply from these steel mills has also declined slightly. Yonggang has reduced its market supply of long products by 30-40%, while Shagang has reduced its wire market shipments by 15%. Only Zenith will subsidise sales ag…
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Anonymous
Very good overview of the weekly steel market.
Anonymous