24
Oct
01:00
Chinese steel, iron ore firms despite stalled housing market
Chinese steel futures and iron ore prices gained slightly on Friday after a slight decline over the week. The move came despite statistics showing that not one of the top 70 Chinese cities, nor any particular category of housing in any city, saw an increase in prices in September. Most prices fell in fact, Kallanish observes.
The May 2015 rebar contract on the Shanghai Futures Exchange closed up Yuan 16/tonne at Yuan 2,554/t ($416/t) on Friday, while the Jan…
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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