02
Aug
16:00
Chinese steel futures remain on upward path
Chinese steel futures rose again in Shanghai on Tuesday although not as strongly as on Monday of this week. The steel market in China is undoubtedly gaining in confidence and this also appears to be supporting iron ore sentiment, Kallanish notes.
The October rebar contract on the Shanghai Futures Exchange closed up CNY 48/tonne at CNY 2,514/t ($379.2/t) while the same contract for HRC also closed up by CNY 24 at CNY 2,689/t. Barring last Friday’s dip, futu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous