14
Aug
07:46
Chinese steel firms on positive sentiment
Chinese steel spot and futures prices ended the week up again as traders continue to expect firm prices in the near term. Demand remains fundamentally down from last year however, Kallanish notes.
In Shanghai, spot steel prices had topped out by Friday but were still trading up from the previous week. 20mm HRB400 rebar was up around CNY 15/tonne week-on-week at CNY 2,360-2,410/t ($355-363/t), while 5.5x1,500mm Q235B hot rolled coil was up around CNY 25/t at CNY …
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Anonymous
Very good overview of the weekly steel market.
Anonymous