13
Sep
10:36
China steel price falls despite steady investment data
Chinese steel futures prices continued to fall on Tuesday as steel data showed weak real demand and real estate activity slowed. Industrial production and investment came in higher than expected however, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed down CNY 51/tonne at CNY 2,256/t ($338/t), while the same contract for hot rolled coil closed down CNY 23/t at CNY 2,534/t.
China’s industrial production grew 6.3% year-…
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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