North China’s long steel heads for South as planned

Steelmakers in North and Northeast China are still determinedly shipping their long steel products to markets in South and East China as expected, given the large spread which still exists in prices between opposite ends of the country and the bleak local demand in northern regions, Mysteel Global has learned.

As of December 17, the difference in price of HRB 400 20mm dia rebar between Guangzhou, the capital of South China’s Guangdong province, and Shenyang, the capital of Northeast China’s Liaoning province, reached Yuan 700/tonne ($100/t), according to Mysteel’s database, slightly smaller than the Yuan 990/tonne spread recorded on