25
Sep
03:42
Chinese steel prices in chaos after freight rules
Chinese steel prices on the spot and futures market did better at the end of the week than the start. These prices are starting to factor in higher freight costs however, which have thrown the market into disarray, Kallanish notes.
In Shanghai, spot 20mm HRB400 rebar was trading at around CNY 2,270-2320/tonne ($340-348/t) on Friday. Although this was flat from the previous week it masked significant fluctuations as sentiment is mixed ahead of the national holida…
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Anonymous
Very good overview of the weekly steel market.
Anonymous