27
Jan
00:00
Chinese steel prices pull out of dive
Chinese steel futures prices levelled out on Tuesday after more than a week of falls. Iron ore trading remained quiet but sentiment helped stop any further slide in futures prices, Kallanish notes.
The May 2015 rebar contract lost Yuan 7/tonne over the day’s trading to close at Yuan 2,449/t ($392.17/t), almost level with Monday’s close. The same contract for hot rolled coil lost Yuan 26/t over the day to close at Yuan 2,550/t, down just Yuan 10/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