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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 longs may be narrowly range-bound over April 18-22, as demand from end-users remained sluggish with COVID-induced restrictions. Meanwhile, steelmakers have been inactive in producing, given shallow margins they could enjoy.   As of April 13, rebar output among China's 137 steelmakers under Mysteel's survey declined 24,700 tonnes on week to 3.1 million tonnes.   Hot-rolled

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