20
Oct
15:14
Chinese steel and iron ore steady despite outlook
Chinese steel futures prices have fluctuated for the last two days but have managed to hold on to a slowly rising trend. Iron ore has remained firm as a result but both prices have little support and are set for a fall in the coming weeks.
The January rebar contract on the Shanghai Futures Exchange closed up CNY 14/tonne at CNY 2,542/t ($377/t), while the same contract for hot rolled coil closed up CNY 26/t at CNY 2,806/t.
The Kallanish index for 62% Fe …
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Anonymous
Very good overview of the weekly steel market.
Anonymous