11
May
01:00
Steel futures see modest gain after interest rate cut
China’s steel futures contracts saw a small increase in price on Monday after the central bank cut interest rates. However, the contract had already begun to fall from a high that morning, and the rate cut was not expected to mean more demand for steel in the near term, Kallanish notes.
The October 2015 rebar contract on the Shanghai Futures Exchange closed up CNY 17/tonne at CNY 2,421/t ($396) after reaching a high on Monday morning of CNY 2…
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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