12
Apr
11:59
Chinese steel futures fall as output increases
Chinese steel futures fell sharply again on Wednesday after it emerged that steel producers were still increasing output in late March. With inventories and output high, and prices falling, mills are coming under increasing pressure to boost exports, Kallanish notes.
On the Shanghai Futures Exchange, the October rebar contract closed down CNY 105/tonne at CNY 2,893/t ($419/t), while the same contract for hot rolled coil closed down CNY 128/t at CNY 2,913/t.
M…
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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