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 be rangebound over August 17-21, with both demand and supply in the domestic market staying around recent lows. Negative profit margins from long steel sales are likely to extend maintenance stoppages among some steelmakers