30
May
21:32
Chinese steel futures slip
1113 Views
Chinese steel futures prices drifted downwards on Thursday as the market continues to assess prospects going into the summer, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed at CNY 3,777/tonne ($547/t), CNY 41/t lower than Tuesday, while the same contract for hot rolled coil closed down CNY 20/t at CNY 3,670/t. Futures for both products had pretty much steadied in trading earlier this week.
For such a big market, …
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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