16
Nov
15:51
Chinese steel firms on investment growth
Chinese steel futures strengthened slightly on Monday following improved economic data. Infrastructure investment has helped fuel demand but has been showing signs of tailing off, Kallanish notes.
On the Shanghai Futures Exchange the January 2021 rebar contract closed CNY 12/tonne higher than Friday at CNY 3,852/t ($582/t), while the same contract for hot rolled coil closed up CNY 28/t at CNY 3,998/t. In Tangshan, billet prices slipped CNY 10/t on Monday to CNY 3,…
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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