11
Jul
10:36
Chinese long steel offers hold for mid-July
Three steel mills in eastern China have kept their ex-factory prices for construction steel unchanged during the second ten-day period in July, Kallanish notes.
At the same time, however, these mills will provide agent sellers with subsidies of around CNY 150-200/tonne ($22-330/t). Spot market trading has been hit hard as demand fled, with trading prices falling below CNY 4,000/t as of Monday evening. The steel market has lost confidence and bu…
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