18
Dec
00:00
China prices pressured by production and weak housing
Chinese steel futures held relatively stable while iron ore prices have remained below $70/tonne as steel output remains high and end user demand remain limited, Kallanish notes. New housing sales data has done little to appease the pessimists.
The May rebar contract on the Shanghai Futures Exchange gained Yuan 6/tonne over the day to close at Yuan 2,546/t ($409.6/t), while the same contract for hot rolled coil gained Yuan 4/t to close at Yuan 2,886/t. The 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