08
Feb
13:18
Chinese steel surges but analyst warns on demand
Chinese steel futures prices surged again on Wednesday as buyers became more confident in the outlook for the coming weeks. Li Xinchuang, president of the China Metallurgical Industry Planning and Research Institute (MPI) tells Kallanish that demand is still down this year and the market cannot stay strong for long.
The May rebar contract on the Shanghai Futures Exchange closed up CNY 114/tonne at CNY 3,243/t ($472/t), putting it firmly above spot offers once mo…
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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