16
Aug
09:55
Steel surges on new Tangshan restrictions
Chinese steel futures prices surged again on Tuesday after the Tangshan city government announced new restrictions on sintering and other polluting activities. Slow but steady inventory building at traders is supporting prices in the short term, although real demand in the autumn may still disappoint, Kallanish notes.
The October rebar contract on the Shanghai Futures Exchange closed up CNY 97/tonne at CNY 2,648/t ($397/t), while the same contract for hot rolled…
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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