26
Oct
10:28
Chinese steel flat despite rate cut
Chinese steel futures prices were flat from Friday despite another interest rate cut. The boost to credit, and even the fact that house prices are generally increasing, is still not enough to rekindle new steel-intensive investment in the short term, Kallanish notes.
The January 2016 rebar contract on the Shanghai Futures Exchange closed up CNY 5/tonne over the day but flat from Friday’s close at CNY 1,801/t ($283/t). Considering that the contrac…
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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