11
Aug
10:40
Baosteel hikes prices as Chinese steel output slides
Chinese steel futures prices closed only slightly higher on Thursday but Baosteel set a positive tone by hiking September list prices. Chinese crude steel output meanwhile dipped at the end of July as, apparently, did mill inventories, Kallanish notes.
The October rebar contract on the Shanghai Futures Exchange closed up CNY 8/tonne at CNY 2,594/t ($389/t), while the same contract for hot rolled coil closed up CNY 6/t at CNY 2,760/t. Although the current spot ra…
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Anonymous
Very good overview of the weekly steel market.
Anonymous