08
Jun
06:39
Xingcheng Special, Sangang report good margins in May
China’s Fujian Sangang Group and CITIC Pacific’s Xingcheng Special Steel both reported increased margins over January to May 2017, according to reports of company meetings. Some Chinese steel mills have seen margins increase even further over April to May as steel price slides were compensated by lower costs from coke and iron ore.
Since 31 March the Kallanish index for 62% Fe Australian fines cfr Qingdao has fallen from $80.26/tonne to $55.83/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