17
Aug
11:18
Chinese steel price slips despite restriction fears
Chinese steel futures prices dipped on Wednesday, ending the day barely higher than on Monday despite Tuesdays surge. Wednesday again saw increased pressure to eliminate capacity from central government and continuing restrictions on production due to the G20 summit but this was not enough to support prices, Kallanish notes.
The October rebar contract on the Shanghai Futures Exchange closed down CNY 40/tonne over the day at CNY 2,519/t ($380/t), but a drop in vo…
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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