China steel market weakens, outlook cautious

Oct 12, 2012 | 11:05 AM | None

Tags  steel market, rebar, hot-rolled coil, Steel First

SHANGHAI — China’s spot steel market weakened further Friday, with both long and flat products experiencing losses.

Spot prices of Grade III rebar stood at 3,630 to 3,830 yuan ($579 to $611) per tonne in Beijing, down 30 yuan ($5) from Thursday but up 30 yuan from Sept. 28, the last trading day before China’s national holiday. ....





Latest Pricing Trends

Poll

Do you think steel mills will succeed in their efforts to stop selling at a discount to the CRU index?

Yes
No
It’s too early to tell


View previous results

AMM Events


Quote

This whole thing is becoming a game of smoke.

Midwest service center