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 gain momentum over August 24-28, driven by their recovering market fundamentals and strengthening cost support. Inventories are likely to extend the downtrend as domestic mills' long steel production has dropped to the lowest level