10
Apr
01:00
Steel futures slide even as production falls
Chinese steel futures remained weak on Friday despite declining crude steel production. The realisation that iron ore prices are likely to fall further and that consumption remains tepid, means steel prices may have some room to fall even if the steel market finds a balance, Kallanish notes.
The October rebar contract on the Shanghai Futures Exchange lost another CNY 36/tonne on Friday to close at CNY 2,266/t ($369/t). The same contract for hot rol…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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