18
Aug
11:16
Chinese steel futures price retreats as output gains
Chinese steel futures prices continued to draw back on Thursday as the dramatic spike at the start of the week vanished into thin air. China’s steelmakers meanwhile appeared to be hiking output again at the start of the month, Kallanish notes.
The most-traded January 2017 rebar contract on the Shanghai Futures Exchange closed down CNY 22/tonne at CNY 2,549/t ($382/t), while the October contract for hot rolled coil dropped CNY 26/t to CNY 2,793/t.
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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