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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. The sharing has been delayed until January 4 because of the New Year holiday over January 1-3.
Rebar & wire rod: The prices of these longs may be narrowly rangebound over January 4-7, as demand from China's construction sector has subsided with cold winter weather and the resurgence of COVID-19 cases across the country, and traders stayed on the sidelines of buying on the anticipation of lower steel

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