23
Nov
13:37
Chinese steel surge continues as optimism grows
Chinese steel futures prices have continued to surge as investors boost trading volumes despite measures to curb speculation. More important for the spot market however is the increasing confidence of traders, which have low inventories but are turning a profit, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed up another CNY 128/tonne at CNY 2,954/t ($429/t), while the same contract for hot rolled coil closed up CNY 159/t at CN…
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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