15
Nov
10:53
Collapsing steel futures spark price war
Chinese steel futures prices continued to collapse on Tuesday, falling to their limit. Physical spot traders in Shanghai meanwhile fear prices could continue falling for a short while, but will eventually hit a level that can be sustained to the end of the year, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed down CNY 183/tonne at CNY 2,858/t ($418/t), while the same contract for hot rolled coil dropped CNY 206/t to CNY 3,217/…
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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