24
Apr
11:54
Steel futures slide despite credit injection
Chinese steel futures prices have continued to retreat after an upswing before the weekend. Moves to boost credit have disappointed the country's commodity markets, which had been hoping for a less-targeted approach to supporting the economy, Kallanish notes.
On the Shanghai Futures Exchange, the October rebar contract closed at CNY 3,730/tonne ($555/t), CNY 27/t lower than Tuesday, while the same contract for hot rolled coil closed down CNY 13/t a…
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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