08
Jan
10:27
Chinese steel recovery faces down pessimists for now
Chinese steel prices have continued to gain into the new year despite a shaky start to 2016 in other markets. Vocal support for capacity cuts from top leaders and falling steel output in December helped but fundamentals suggest the recovery may be short-lived, Kallanish notes.
Shanghai 20mm HRB400 rebar prices gained CNY 30/tonne since 30 December to CNY 1,830-1,880/t ($278-285/t), bringing their resurgence to CNY 75/t since 18 December. 5.5x1,500mm Q235B HRC me…
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Anonymous
Very good overview of the weekly steel market.
Anonymous