31
Jul
11:29
Chinese steel rally slows as sentiment softens
Chinese spot steel prices rose last week although the roller coaster ride continues for both rebar and hot rolled coil. Traders in the market appear to be more cautious about price prospects for this week however, Kallanish finds.
Spot steel prices in Shanghai were trading up on the week by around CNY 70-100/tonne although rebar and HRC futures slipped back on Friday after having seen day-by-day increases throughout last week. 20mm HRB400 rebar was trading at CN…
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Anonymous
Very good overview of the weekly steel market.
Anonymous