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 forecast to dip over January 19-23 after a modest gain last week. Mysteel assessed the national price of HRB400E 20mm dia rebar at Yuan 3,351/tonne ($481/t) on January 16, higher by Yuan 14/t from the level