14
Sep
09:42
Chinese steel futures dive with FAI slowdown
Chinese steel futures prices slumped on Thursday, while physical markets also performed poorly. Sentiment was weakened by a slowdown in real estate sales and fixed asset investment (FAI) growth rates for August released in the morning by the National Bureau of Statistics. Decreasing steel inventories could still support prices however, Kallanish notes
On the Shanghai Futures Exchange January 2018 rebar closed at CNY 3,831/tonne ($587/t), down another CNY 11…
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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