11
May
08:42
Baosteel cuts flat steel prices for June
Chinese steel futures prices recovered on Thursday afternoon, suppporting spot prices to extend their recovery from late last week. Wuhan Iron and Steel (Wugang) also kept its June ex-works prices firm but Baosteel cut its June ex-works prices, suggesting a downward trend for the market in the coming weeks, Kallanish notes.
On the Shanghai Futures Exchange, the October hot rolled coil contract closed at CNY 2,952/tonne ($428/t), up CNY 33/t, after fall…
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Anonymous
Very good overview of the weekly steel market.
Anonymous