05
Jul
11:26
Chinese steel futures sentiment weakens
Chinese steel futures prices pulled back on Tuesday after expectations of further short-term stimulus faded. Market inventories have continued to fall as steel traders protect themselves from weaker prices, Kallanish notes.
The October rebar contract on the Shanghai Futures Exchange closed down CNY 10/tonne at CNY 2,402/t ($361/t), while the same contract for hot rolled coil closed down CNY 32/t at CNY 2,530/t.
The fact that futures prices have incr…
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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