18
Oct
14:02
Chinese steel fights to maintain rally
Chinese steel futures fell in the morning but then recovered again in the afternoon on Tuesday as the market struggled to hold on to the latest rally. A drop in market inventories last week has helped support prices but data released Wednesday is expected to highlight weak domestic demand, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed up CNY 14/tonne at CNY 2,441/t ($362/t) after trading down for the whole morning. The …
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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