26
Mar
00:00
Chinese prices keep falling as Roy Hill preps iron ore trains
Chinese steel and iron ore prices continued their downtrend on Thursday as sentiment remained weak. News that Roy Hill was progressing with plans to start up in September did nothing to rally the market, Kallanish notes.
The October 2015 rebar contract on the Shanghai Futures Exchange closed down another Yuan 35/ tonne at Yuan 2,491/t ($406/t). The May 2015 contract for hot rolled coil on the same exchange closed down Yuan 28/t at Yuan 2,518/t.
The Ka…
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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