11
Apr
11:32
Chinese longs offers rise despite lockdowns
Three major mills in eastern China raised ex-works prices for construction steel on Monday to support the market, even as steel consumption in the east languished due to Covid-19 lockdowns.
Zenith and Yonggang each increased prices by CNY 50/tonne ($7.85/t) for rebar, high-speed wire rod and rebar in coil in the second ten days of April, Kallanish learns from public mill announcements. Meanwhile, Shagang also added CNY 50/t for rebar, but kept the other two produc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous