20
Aug
03:04
Chinese steel firms as traders expect further gains
Chinese spot steel prices increased further over last week, while futures prices fluctuated but remained firm. Traders expect prices to either remain strong or increase further next week but prices will eventually have to face up to weak demand, Kallanish notes.
In Shanghai on Friday, 20mm HRB 400 rebar was trading at around CNY 2,390-2,440/tonne ($360-367/t), up around CNY 30/t from a week earlier. 5.5x1,500mm Q235B hot rolled coil was up CNY 60/t to CNY 2,750-…
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Anonymous
Very good overview of the weekly steel market.
Anonymous