14
Jan
16:56
Chinese steel futures gain as trade deal approaches
Chinese steel futures prices strengthened again on Tuesday but remain in the range where they have fluctuated. Domestic markets remain quiet but general sentiment is being supported by the expected signing of the mini trade deal with the USA, Kallanish notes.
On the Shanghai Futures Exchange the May rebar contract closed at CNY 3,570/tonne ($519/t), CNY 40/t higher than Monday, while the same contract for hot rolled coil closed up CNY 32/t at CNY 3,596/t.
Chinese…
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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