11
Sep
12:44
Chinese steel futures weaken again
Chinese steel futures weakened again on Monday after several consecutive days of falls last week. Prices dipped further at the beginning of night trade and day trade but recovered slightly by the end of the day, Kallanish notes.
Long steelmakers have mostly decreased or maintained their rebar offer prices this week (see separate article).
On the Shanghai Futures Exchange the January 2018 rebar contract closed the day down CNY 46/t at CNY 3,915/t ($607.14…
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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