30
Jun
12:50
Chinese steel futures recovery resumes
Chinese steel futures gained again on Thursday despite weak demand. Low inventories, hopes for stimulus and announcements about Chinese railway investment were enough to boost futures buying, Kallanish notes.
The October rebar contract on the Shanghai Futures Exchange closed up CNY 87/tonne at CNY 2,337/t ($351/t), while the same contract for hot rolled coil gained CNY 73/t to CNY 2,502/t. The increase was helped by a jump in volumes to 7.7 million contracts, th…
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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