13
May
01:00
Steel, iron ore slide further as real estate investment slows again
Chinese steel and iron ore futures prices fell again on Wednesday after China announced a further slowdown in real estate investment growth. The fall appears to confirm the end of the latest iron ore rally as the commodity prepares for its predicted worst quarter, Kallanish notes.
On the Shanghai Futures Exchange, the October 2015 rebar contract closed down CNY 20/tonne at CNY 2,383/t ($390/t). The same contract for hot rolled coil closed down CNY 13/t at CN…
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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