21
May
16:33
Chinese longs offers decline again in late May
Eastern China's ex-factory construction steel prices were almost stable over the past ten days, but then returned to their declining trend for the last ten days of May.
Shagang cut CNY 50/t ($7.13/t) off its rebar offers in late May, while Zenith and Yonggang each announced CNY 100/t declines for all long steel ex-works prices, Kallanish learns. Meanwhile, Shagang is providing varying subsidies to sales agents. These are set at CNY 100/t for rebar, CNY 12…
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Anonymous
Very good overview of the weekly steel market.
Anonymous