31
Jan
21:30
Chinese steel futures continue to ease down.
Chinese steel futures lost some more ground on Wednesday, albeit at a slower rate than on Tuesday. The steel market is evidently easing down into the main Chinese holiday of the year, Kallanish notes, and appears to be bringing iron ore prices down with it (see separate article).
On the Shanghai Futures Exchange the May rebar contract closed at CNY 3,915/tonne ($623/t), down CNY 8/t, while the same contract for hot rolled coil closed down CNY 4/t at CNY 3,9…
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Anonymous
Very good overview of the weekly steel market.
Anonymous