20
Nov
06:18
Chinese steel prices slump but support remains
Chinese steel futures remained much steadier on Friday and physical spot prices have also stabilised after their sharp decline through much of the week. More restrictions on production announced last week could even give some impetus to another rebound on Monday, Kallanish notes.
In Shanghai, 20mm HRB400 rebar was trading at CNY 2,740-2,780/tonne ($399-405/t), down CNY 165/t from a week earlier. 5.5x1,500mm Q235B hot rolled coil meanwhile was trading down CNY 23…
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Anonymous
Very good overview of the weekly steel market.
Anonymous