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. This week's outlook covers only three trading days, as China's National Day holiday begins on October 1.

Rebar & wire rod: China's prices of these two major long steel items are expected to fluctuate within a narrow range over September 28-30, as weakening cost support may be countered by lower supply. On one hand, deepening losses are expected to prompt Chinese steelmakers to further reduce hot metal