25
Jan
09:36
Chinese steel futures increase as production grows
Chinese steel futures prices decreased over Tuesday night and veered upwards during Wednesday, closing only a little higher from the day before. The proximity of the upcoming holiday will be causing some last minute wobbles in market sentiment, Kallanish notes.
The May rebar contract on the Shanghai Futures Exchange closed at CNY 3,299/tonne ($481.2/t), up CNY 36/t, while the same contract for hot rolled coil closed up CNY 45/t at CNY 3,600/t. The Kallanish…
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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