23
Feb
11:21
Chinese steel slips as output increasing
Chinese steel futures prices lost some of their recent gains on Tuesday. Figures showing China’s mills increased production in early February were hardly surprising but output and inventory levels mean that higher prices may not last, Kallanish notes.
The May rebar contract on the Shanghai Futures Exchange closed down CNY 8/tonne over the day’s trading and CNY 36/t from the previous day’s close at CNY 1,926/t ($295/t). The same contract for hot…
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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