28
Apr
01:00
Steel, iron ore prices end rally, wait for next storm
Chinese steel futures prices ended the strong rally seen over the last week as optimism about Chinese steel demand began to wear thin. Seaborne iron ore prices meanwhile moved little as expectations of reduced iron ore supply also came into question, Kallanish notes.
Chinese steel futures on the Shanghai Futures Exchange gained over the day’s trading but still closed down slightly from Monday. The October 2015 rebar contract closed up CNY 9/tonne over …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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