25
Sep
05:10
Futures slide fails to dampen Chinese steel optimism
Chinese futures prices lost ground on Tuesday after a stronger week last week. Traders remain optimistic about the coming holiday period however, and in the weeks after that, Kallanish notes.
On the Shanghai Futures Exchange the January 2019 rebar contract closed at CNY 4,060/t ($593/t), CNY 89/t lower than Friday, while the same contract for hot rolled coil closed down CNY 61/t at CNY 3,952/t.
Last week on the Shanghai spot market, 20mm HRB400…
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Anonymous
Very good overview of the weekly steel market.
Anonymous