11
Jul
05:03
Chinese longs offers remain unchanged for mid-July
Chinese long steel offers remain stable in the second ten days of July amid a dull market trend.
Shagang, Zenith and Yonggang have all kept their long steel ex-works offers stable for mid-July, Kallanish notes. Meanwhile, the mills are providing CNY 80-150/tonne ($11-21) subsidies to sales agents to make up for their sales losses in the past ten days.
Spot market trades bottomed, with fluctuations seen in the futures market. Chinese traders were looking forward t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous