WEEKLY: Near-term outlook on China's key steel products

Below is the brief near-term outlook for the five key steel products Mysteel shares on a weekly basis, drawing upon the results of related surveys and communication with Chinese market participants.

Rebar & wire rod: The prices of these longs may slip over September 5-9, as most traders have been willing to sell off stocks to reduce potential risks amid bearish market sentiment. Rebar stocks at 429 warehouses in 132 Chinese cities under Mysteel's tracking slipped by 2.5% on week to 7.7