21
May
17:28
Chinese steel slides despite stable Shagang offers
Chinese steel futures prices fell on Monday, taking the lead from the weaker rebar markets. Shagang kept its rebar ex-works prices flat but resumed compensating loyal traders suggesting it too is accepting that the peak is over, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed at CNY 3,589/tonne ($564/t), CNY 42/t lower than Friday, while the same contract for hot rolled coil closed CNY 45/t lower at CNY 3,755/t.
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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