24
Apr
17:28
Chinese steel futures continue upswing, steel output rises
Chinese steel saw more positive indicators on Tuesday as futures rose again and early-April average daily output moved up soundly from late March.
On the Shanghai Futures Exchange the October rebar contract closed at CNY 3,562/tonne ($565/t), CNY 52/t higher than Monday. The same contract for hot rolled coil meanwhile closed up CNY 28/t at CNY 3,675/t. In Tangshan, billet prices rose again following Monday’s rise, by CNY 10/t to CNY 3,590/t. This is …
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Anonymous
Very good overview of the weekly steel market.
Anonymous