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13 Mar
11:14

Chinese long steel prices gain in mid-March

China's construction steel prices rebounded, and the three major longs steel mills in eastern China all raised the ex-factory prices of long products, Kallanish notes. In the second ten days of March, Shagang increased the price of rebar and rebar in coil by CNY 50/tonne ($7.26/t). At the same time, both Zenith and Yonggang increased the price of most construction long products by CNY 100/t, while Zenith announced the gains of CNY 150/t for rebar to match…
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