24
Nov
12:50
Chinese steel rally falters despite capacity clampdown
Chinese steel futures prices closed very slightly lower than Wednesday despite a strong start to the day. The market remains firm however, and announcements of new capacity investigations helped again to bolster sentiment, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed at CNY 2,951/tonne ($428/t), up CNY 37/tonne from Wednesday’s settle but down CNY 3/t from Wednesday’s close. The same contract for hot rolled coil…
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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