23
Aug
10:37
Steel prices increase as China pushes downstream mergers
Chinese steel futures prices gained again on Tuesday as capacity elimination targets were released, restrictions remain in place for the G20 and sentiment remained bullish. China is also pushing the restructuring of its major state-owned enterprises with the latest mega merger between two construction material firms, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed up CNY 24/tonne to CNY 2,596/t ($390/t), while the October hot …
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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