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 post mild declines over June 1-5 driven by weakening market fundamentals. The recent rainfall across several regions of China and rising temperatures have put pressure on long steel demand and weighed on the prices.