11
May
11:26
Chinese mid-May long steel offers break $1,000/t
China's construction steel market has been extremely strong this week, and both ex-works prices of steel mills and spot market transaction prices have reached record highs, Kallanish notes.
Major steelmakers in eastern China – Shagang, Zenith and Yonggang – all lifted offers for rebar by CNY 600-700/tonne to CNY 6,150/t ($957/t). The steelmakers added CNY 600-750/t to their other longs offers, bringing the highest offers from Yonggang to CNY 6…
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Anonymous
Very good overview of the weekly steel market.
Anonymous