26
Oct
14:58
Chinese steel prices take a breather
Chinese steel futures prices pulled back a little on Wednesday but this was largely a reaction to the rapid increase of the previous day. The market remained broadly firm, although the outlook for the coming days remains uncertain, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed down CNY 13/tonne at CNY 2,534/t ($374/t), while the same contract for hot rolled coil closed down CNY 10/t at CNY 2,854/t. In Shanghai, spot rebar tr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous