26
Aug
12:21
Chinese steel falters on diverging expectations
Chinese spot and futures prices for steel continued to falter on Friday as differing views on the outlook for the coming week or two battled for prominence. Some trader remain optimistic that prices will increase again in the coming week but a growing number say prices will be flat or fall, Kallanish notes.
In Shanghai, spot 20mm HRB400 rebar prices were trading at around CNY 2,370-2,420/tonne ($356-364/t), down CNY 20/t from a week earlier. Prices had actually …
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Anonymous
Very good overview of the weekly steel market.
Anonymous