CHINA STEEL WRAP: Prices not supported by rate cut

May 14, 2012 | 07:09 AM |

A rate cut by China’s central bank has failed to give Chinese spot rebar prices a shot in the arm as lower ex-works prices and weak demand strike a cautious tone in the market. Major domestic steel markets saw prices fall on Monday May 14 as traders reduced their prices....





Latest Pricing Trends

Poll

What is causing the most weakness to the U.S. metals industry?

Imports
Stagnant non-residential construction demand
Sequestration and government cuts
Global uncertainty, particularly in Europe
Too many suppliers chasing too few orders


View previous results

AMM Events