05
Dec
10:55
Steel surges while restrictions hamper output
Chinese steel futures prices gained strongly again on Monday as investors continued to put money into commodities. The upward trend was also supported by increasing restrictions on production due to pollution in northern China, Kallanish notes.
The May rebar contract on the Shanghai Futures Exchange closed up CNY 73/tonne over the day at CNY 3,204/t ($466/t), while the same contract for hot rolled coil closed up CNY 110/t at CNY 3,583/t. Commodity futu…
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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