22
Sep
14:21
Chinese steel futures recover despite forecast declines
Chinese steel futures gained on Thursday on continued speculation over the market after the October holiday. The outlook remains bleak however with speakers at an industry conference universally expecting a decline through the rest of the year, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed up CNY 21/tonne at CNY 2,280/t ($342/t), while the same contract for hot rolled coil closed up CNY 31/t at CNY 2,567/t.
Even the norma…
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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