16
Dec
00:00
Steel, iron ore besieged by negative sentiment
Weak sentiment has continued to undermine Chinese steel futures and iron ore prices. Even the slightly stronger flats markets were not enough to counteract a weak outlook for real estate, while iron ore was also besieged by currency and freight costs, Kallanish notes.
The May 2015 rebar contract on the Shanghai Futures Exchange closed down another Yuan 34/tonne at Yuan 2,544/t ($411/t), while the same contract for hot rolled coil closed down Yuan 34/t at Yua…
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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