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

Below is the brief near-term outlook for 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: Prices of the two major long steel items are forecasted to strengthen over October 27-31. Most traders were proactively selling last week, while end-users continued to procure only on a need-to basis amid cautious market sentiment. Supply-demand fundamentals for steel longs may recover slightly this