06
Sep
14:14
Steel futures dip while inventories grow
Chinese steel futures prices dipped slightly on Tuesday despite a generally positive sentiment. Restrictions on sintering in Tangshan and the resumption of demand around Hangzhou this week after the G20 should be bolstering prices but they have already increased by quite a way, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed down CNY 10/tonne at CNY 2,428/t ($363/t), while the same contract for hot rolled coil closed…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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