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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 longsmaysoftenoverJuly 26-30,as demand from the end-users will be further weakened by the probably torrential downpours in East China this week because of the Typhoon In-Fa, even though rebarstocksin the commercial warehouses of China’s 132 citiesreversed from five weeks of increases as of July

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