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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 carbon steel finished products Mysteel shares on a weekly basis, drawing upon the results of related surveys and communication with the Chinese market participants. China was off over September 20-21 for Mid-Autumn Festival.
Rebar & wire rod:Prices of these longsmaystrengthenoverSeptember 22-24,as most mills in East China’s Jiangsu have deepened the cuts on their crude and finished steel productionuponthe provincial government’s request. Rebarstocksin the commercial warehouses of China’s132cities, at the same time, declined for the seventh consecutive week as of September 16, downanother 2.7% on

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