07
Apr
12:50
Chinese steel steady as debt reviews begin
Chinese steel futures were firm on Thursday as end user demand remained sufficient to buoy prices. Recent debt defaults meanwhile have not been enough to shake confidence and China is steadily increasing its surveillance of corporate debt risks, Kallanish notes.
The October rebar contract on the Shanghai Futures Exchange closed up CNY 7/tonne over the day at CNY 2,191/t ($338/t). The May hot rolled coil contract fared better however, gaining CNY 26/t over the da…
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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