22
Jul
01:00
Rebar nears CNY 2,000/t again on weak sentiment
Chinese steel futures prices pulled back sharply on Wednesday from their recent gains. News that house prices were continuing to recover and steel inventories to fall have been unable to overcome the negative outlook for iron ore and continuing weak end user demand, Kallanish notes.
The January 2016 rebar contract on the Shanghai Futures Exchange closed down CNY 70/tonne at CNY 2,030/t ($332/t) on Wednesday. The October 2015 hot rolled coil contract meanwhil…
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Anonymous
Very good overview of the weekly steel market.
Anonymous