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 expected to stay at a relatively high level over May 18-22, primarily underpinned by firm cost support and healthy market fundamentals. Long steel inventories have been continually experiencing a seasonal drawdown, and the downtrend is expected