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WEEKLY: Near-term outlook on China's steel products

Source: Mysteel Mar 13, 2023 10:15
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Below is the brief near-term outlook for five key steel products Mysteel shares on a weekly basis, drawing upon the results of related surveys and communication with Chinese market participants.
Rebar & wire rod: Prices of these longs may be narrowly range-bound over March 13-17, as domestic steel mills are willing to ramp up their production, given the improved profit margins they could currently earn. Meanwhile, the demand from end-users will also grow steadily.   Rebar stocks at the warehouses have declined

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