12
Jul
10:59
Chinese steel surges on supply, inventories and capacity
Chinese steel futures prices leapt higher on Tuesday as restrictions on production in Tangshan combined with low inventories and news of capacity reductions. Issues such as high debts and weak demand continue but traders believe the market has entered a far more positive phase than they had earlier expected, Kallanish notes.
The October rebar contract on the Shanghai Futures Exchange closed up CNY 136/tonne at CNY 2,558/t ($382/t), while the same contract for ho…
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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