30
Nov
13:43
Chinese steel futures crash for second day
Chinese steel futures prices tumbled overnight and weakened further during the day to hit their lower trading limit. Restricitons on futures trading and fears of tighter credit have pushed speculators out of the futures market and traded volumes slumped, Kallanish notes.
The May rebar contract on the Shanghai Futures Exchange closed down at CNY 3,000/tonne ($435/t), a CNY 226/t fall, while the January hot rolled coil contract closed down CNY 249/t at C…
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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