16
Feb
00:00
Chinese iron, steel prices firm up further after FDI surges
Chinese steel futures prices gained again on Monday as iron ore prices pulled further back from the brink. Although the outlook for the year remains bleak, a lack of movement in the short term and hopes of some support from Beijing over the coming six months and strong foreign investment in January has helped prices recover from 5-year lows, Kallanish notes.
The May 2015 rebar contract on the Shanghai Futures Exchange gained Yuan 18/tonne on Monday to close …
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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