19
Sep
13:35
Chinese steel prices slide but Benxi hikes flats
Chinese steel futures prices fell further on Tuesday and spot prices also fell, albeit by a smaller margin. Northern China’s Benxi Iron and Steel however hiked its October list prices, helping to support the market, Kallanish notes.
On the Shanghai Futures Exchange the January 2018 rebar contract closed at CNY 3,740/tonne($570/t), down CNY 47/t, while the same contract for hot rolled coil closed down CNY 51/t at CNY 3,982/t. The HRC contract clos…
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Anonymous
Very good overview of the weekly steel market.
Anonymous