16
Jun
11:31
Chinese steel stabilises while Bohai promises debt payment
Chinese steel futures prices stabilised on Thursday despite continuing weak demand. The bankrupt Tianjin Bohai Steel Group had more positive news however, saying that it had raised the money to make a payment on its bonds, Kallanish notes.
The October rebar contract on the Shanghai Futures Exchange closed down CNY 1/tonne at CNY 2,074/t ($315/t), while the same contract for hot rolled coil closed down CNY 5/t at CNY 2,252/t.
Goldman Sachs noted, as Kallanish …
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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