16
Dec
09:55
Chinese steel prices strengthen as futures slump
Chinese steel futures fluctuated all day on Friday and collapsed to near the lower limit during the last half hour of trading. Hot-rolled coil and rebar prices however are increasing and stabilising on the spot market, Kallanish notes.
In Shanghai, 20mm HRB400 rebar was trading at CNY 3,400-3,440/tonne ($490-496/t), up CNY140/t from a week earlier. 5.5x1,500mm Q235B hot-rolled coil, meanwhile, was trading up CNY 90/t over the w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous