19
Dec
09:15
Chinese steel futures tumble
Chinese steel futures flattened overnight and then dipped to near the lower limits during the last half hour of trading on Monday. The slump in iron ore futures and November’s newly-launched property index by the National Bureau of Statistics (NBS) appears to have have calmed market sentiment, Kallanish notes.
The May rebar contract on the Shanghai Futures Exchange closed down at CNY 3,171/tonne ($456.34/t), a CNY 192/t fall, while the May hot rolled coil …
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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