22
Nov
09:29
Chinese late-November longs offers slow decline
The Chinese construction long products market has continued its downward trend under the pressure of negative sentiment. A slight rebound last Friday however helped steel mills slow the decline in prices, Kallanish notes.
Shagang announced it would cut CNY 300/tonne ($47/t) from its rebar offers and CNY 200/t from wire rod and rebar in coil offers. Meanwhile, Yonggang cut CNY 50/t from all products' offers, bringing prices in line with Zenith. T…
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Anonymous
Very good overview of the weekly steel market.
Anonymous