19
Oct
10:03
Chinese steel futures remain unsteady on GDP release
Chinese steel futures had a mixed reaction to Chinese economic data on Wednesday but physical traders continued to steadily push up their spot offer prices. GDP growth remained firm in the third quarter and data for fixed asset investment, especially in railways, was positive for steel, but real estate underwhelmed, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed up CNY 13/tonne at CNY 2,434/t ($361/t) on Wednesday after pulli…
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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