06
Jan
08:45
Chinese steel prices stable as futures slump
Chinese steel futures had been fluctuating significantly over night trading on Thursday and through Friday before slumping sharply in the last half hour of Friday's day session. Spot HRC and rebar prices however were stabilising on Friday after a very slight decline, Kallanish notes.
In Shanghai on Friday, 20mm HRB400 rebar was trading at CNY 3,040-3,090/tonne ($439-446/t), down just CNY 10/t from a week earlier. 5.75x1,500mm Q235B hot-rolled coil meanwhile …
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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