11
Nov
11:23
China steel prices slide with investment decline
Chinese steel futures prices slumped again on Wednesday after the latest Chinese data showed a continuing slump in investment. With Chinese steel demand now flat and inventories rising, there is little expectation of a significant recovery in the near term, Kallanish notes.
The May 2016 rebar contract on the Shanghai Futures Exchange closed down CNY 21/tonne at CNY 1,777/t ($279/t), while the January contract for hot rolled coil closed down CNY 15/t at CNY 1,771…
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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