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: China's prices of the two major long steel items are expected to extend slight declines over July 27-31. While the overall supply pressure stays modest despite mills' higher output in the past week, sluggish downstream demand amid the summer lull and waning cost-side support are