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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 soften over May 16-20, as demand from end-users remained dull with COVID-induced disruptions and heavy rainfalls in South China. Meanwhile, rebar stocks at 137 Chinese steelmakers under Mysteel's survey gained 6.1% on week to 3.6 million tonnes as of May 11.   Hot-rolled coil: This

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