23
Oct
09:33
Chinese steel prices sustain recovery for second week
Chinese steel prices fluctuated last week after increasing strongly at the start of the week. Traders are still hoping for another strong week, especially for flats prices, but the futures market suggests there is less confidence for a strong steel market then at the start of last week, Kallanish notes.
In Shanghai, 20mm HRB400 rebar was trading at CNY 2,400-2,450/tonne ($356-364/t), up around CNY 90/t from a week earlier despite some fluctuation over the l…
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Anonymous
Very good overview of the weekly steel market.
Anonymous