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 these two major long steel items are expected to fluctuate within a narrow band over November 2-6. Relatively low inventory levels will serve as the core factor supporting construction steel prices, while meagre profitability from long steel sales may curb further recovery