09
Nov
14:20
Chinese steel futures surge but crackdown spreads
Chinese steel futures soared on Wednesday despite uncertainty over the US elections, action against speculators and fears of an over-heating market. The speed of the rally in futures prices is causing concern for regulators however and new moves to curb speculation mean the futures may struggle to keep outpacing physical steel prices, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange (SHFE) closed up CNY 151/tonne at CNY 3,015/t (…
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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