02
Mar
00:00
Chinese steel and iron ore prices little moved by interest rate cut
Chinese steel futures prices lost further ground on Monday despite the boost from China’s interest rate cut last Saturday 28 February, Kallanish notes. Iron ore prices saw some gain but remained firmly stuck in the low $60/tonne range.
The May rebar contract on the Shanghai Futures Exchange lost Yuan 15/t over the day to close at Yuan 2,472/t ($402/t). The same contract for hot rolled coil meanwhile closed down Yuan 4/t at Yuan 2,594/t.
Seaborne…
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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