09
Dec
11:16
Chinese steel ends week high despite weaker futures
Chinese spot steel prices increased sharply last week and continued to gain on Friday despite a fall in rebar futures. Traders were less certain that increases can continue but there was little sign of a major decline in the market, Kallanish notes.
In Shanghai, 20mm HRB400 rebar was trading at CNY 3,260-3,300/tonne ($474-480/t), up CNY 215/t from a week earlier. 5.5x1,500mm Q235B hot rolled coil meanwhile was trading up CNY 255/t over the week at CNY 3,810-3,86…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous