04
Sep
11:49
Chinese steel futures rise on further mill accidents
Chinese steel futures hiked overnight and remained stable during the day on Monday, which was the second trading day in September. Over the weekend a further two mills experienced blast furnace equipment failures following the Benxi Iron & Steel (Bengang) mill fire, Kallanish notes.
On the Shanghai Futures Exchange the January 2018 rebar contract closed at CNY 4,060/tonne ($617/t), up CNY 67/t, and the same contract for hot rolled coil closed up further…
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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