08
Sep
10:29
Chinese steel prices stall on mixed output message
Chinese steel futures prices stalled on Thursday as falling iron ore removed cost support and restarting capacity in Jiangsu and Zhejiang raised fears of oversupply. Restrictions on capacity in Tangshan may have some effect on steel output but this is undermining iron ore rather than bolstering steel, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed down another CNY 33/tonne at CNY 2,338/t ($351/t), although this was in fact ba…
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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