27
Oct
11:54
Chinese steel futures dip but traders hold offers
Chinese steel futures prices dipped a little on Thursday as the market resettled after the rapid increases of earlier in the week. Spot traders in Shanghai however were holding their offers steady as they hope the rally can be extended by the end of the month, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed down CNY 34/tonne at CNY 2,512/t ($371/t), while the same contract for hot rolled coil closed down CNY 16/t at CNY 2,849/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous