25
Apr
21:01
Chinese steel futures take a breather
The recent mini-revival in Chinese steel futures prices slowed on Wednesday, Kallanish notes. Rebar futures still rose but much less vibrantly than earlier in the week. HRC futures recorded a dip, albeit a minor one.
On the Shanghai Futures Exchange the October rebar contract closed at CNY 3,573/tonne ($565/t), CNY 9/t higher than Tuesday. The same contract for hot rolled coil meanwhile closed down CNY 13/t at CNY 3,677/t. In Tangshan, billet prices slippe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous