21
Oct
01:00
Steel and iron ore slide as steel output remains high
Chinese steel futures prices and seaborne iron ore lost some ground on Tuesday as GDP and investment figures suggested difficult times could continue for the industry (see related article). Crude steel output however, has remained high and increased slightly in September according to the latest National Bureau of Statistics (NBS) data.
The May 2015 rebar contract on the Shanghai Futures Exchange closed down Yuan 10/tonne at Yuan 2,597/t ($424.13/t). Meanwhil…
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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