13
Oct
12:52
Chinese steel prices hold as mills maintain momentum
Chinese steel futures prices gained steadily over Wednesday night but then pulled back again on Thursday to close roughly flat. The initial boost from the end of the holidays appears to be over but steelmakers say they are thinking of restricting output further to prevent prices from falling, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed up CNY 19/tonne at CNY 2,354/t ($351/t) after pulling back a little from highs reached i…
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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