01
Mar
08:18
Chinese early-March long steel offers decline
China's long steel offers saw some declines in the first ten days of March, as the expectations for a demand recovery weakened, Kallanish notes.
Three major long steel producers in eastern China, Shagang, Zenith and Yonggang, all announced they would cut CNY 100-200/tonne ($16-32/t) from their long product list prices. Meanwhile, the companies provided CNY 130-270/t to sales agents who completed their sales targets in past period, because commodity f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous