Cookie & Privacy Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. View the privacy policy to find out more here.
Latest prices

Latest news

07 Dec

Steel futures soar higher despite tepid demand

Chinese steel prices continue to be pushed higher by strong raw materials prices and bullish global markets, despite weaker domestic demand. Traders are concerned, however, that raw materials are pushing the value of their inventory higher when demand is weaker, only to drag it lower once demand returns to its peak, Kallanish notes. On the Shanghai Futures Exchange the May rebar contract became the most traded on Monday. It closed at CNY 3,912/tonne ($599/t), up Cā€¦
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
Login to read article
ā€“ OR ā€“
Signup for a Free Trial
Share article
Twitter X

Take a Free trial

Get daily steel news redirect to your inbox each day,
along with prices.