28
Aug
01:00
Steel prices recover as Beijing acts to restore confidence
Chinese steel futures prices continued to firm up on Friday s China’s leaders continued to boost markets. Continued moves to boost liquidity are causing a short term rebound but the long term sustainability of the economy rests on more long term reforms, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed up CNY 18/tonne at CNY 1,981/t ($309/t), while the same contract for hot rolled coil closed up CNY 14/t at CNY 1,978/…
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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