08
Dec
15:26
Steel, iron ore pause after surge
Chinese steel futures inched higher on Tuesday, while seaborne iron ore prices hovered around their peak. Both markets remain tight, with inventories falling, but traders are pausing after the rapid increase of previous days.
On the Shanghai Futures Exchange the May 2021 rebar contract closed CNY 2/tonne higher than Monday at CNY 3,914/t ($599/t). The May contract also became the most-traded contract for hot rolled coil on Tuesday, and closed CNY 13/t higher at CN…
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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