21
Sep
11:42
Chinese steel prices fall as Shagang slashes rebar
Chinese steel prices slumped on Thursday as confidence over autumn demand faded and iron ore prices continued to slide. Shagang set the mood by cutting its rebar prices sharply for the last ten days of September, Kallanish notes.
On the Shanghai Futures Exchange the January 2018 rebar contract closed at CNY 3,655/tonne ($556/t), down CNY 91/t, while the same contract for hot rolled coil closed down CNY 81/t at CNY 3,890/t. Futures contracts saw an incr…
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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