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WEEKLY: Near-term outlook on China’s key steel products

ABSTRACT

Below is the brief near-term outlook of the five key steel products Mysteel shares on a weekly basis, drawing upon the results of related surveys and communication with the Chinese market participants.
Rebar & wire rod:The prices of these longsmaystrengthenfurther overMay 10-14,mainly underpinned by the robust demand and lower stocks. Rebar stocks in the commercial warehouses in China’s 132 cities under Mysteel’s survey, for example, declined for the ninth week as of May 6, though down at a slower pace of 1.5%

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