29
Nov
16:00
Chinese steel futures continue to strengthen
Chinese steel futures continue to perform well as the steel market itself in China continues to both receive and send out strong signals, Kallanish notes.
On the Shanghai Futures Exchange the May 2018 rebar contract closed at CNY 3,957/tonne ($598/t), CNY 99/t higher day-on-day, while the same contract for hot rolled coil closed CNY 80/t higher at CNY 3,973/t.
The steps taken by Chinese authorities in 2017 to bring domestic steelmaking under control appe…
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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