10
Aug
01:00
Chinese steel prices slide as PPI hits six-year low
Chinese steel prices fell again on Monday as mixed economic data showed continued trouble for steel demand. Producer prices have fallen at their fastest rate in six years and have now declined for 41 consecutive months, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed down CNY 16/tonne at CNY 2,045/t ($334/t), while the same contract for hot rolled coil closed down CNY 7/t at CNY 1,076/t.
China’s official Produ…
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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