13
Jan
11:20
Chinese steel prices settle lower despite production cuts
Chinese steel futures prices settled lower again, albeit only slightly, as uncertainty remained in the outlook for after Chinese New Year. Data showed steelmaking production cuts were continuing but the pace of inventory decline has been slowing, Kallanish notes.
The May rebar contract on the Shanghai Futures Exchange closed down CNY 10/tonne at CNY 1,740/t ($265/t) on Wednesday, while the same contract for hot rolled coil closed down CNY 8/t at CNY 1,857/t.
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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