04
Jan
09:41
Steel futures pull back on weak outlook
Chinese steel futures prices dropped slightly on 4 January after gaining in the last days of 2015. Steel market inventories have continued to fall but are in danger of increasing rapidly unless steel output is cut further, Kallanish notes.
The May 2016 rebar contract on the Shanghai Futures Exchange closed down CNY 12/tonne at CNY 1,777/t ($274/t) on Monday, while the same contract for hot rolled coil dropped CNY 20/t to CNY 1,929/t. The move was also …
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Anonymous
Very good overview of the weekly steel market.
Anonymous