28
Oct
10:29
China steel prices break CNY 1,800/t barrier as output stubbornly high
Chinese steel rebar futures closed definitively below the CNY 1,800/tonne mark for the first time on Wednesday as oversupply continued to plague the market. Although analysts have been predicting a drop in crude steel output for weeks, the latest data for early October showed an increase from late September, Kallanish notes.
The January 2016 rebar contract on the Shanghai Futures Exchange closed down CNY 14/t at CNY 1,792/t ($282/t) on Wednesday, while…
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Anonymous
Very good overview of the weekly steel market.
Anonymous