09
Dec
23:37
Iron ore slips slightly as steel futures hold
Chinese steel futures prices hardly moved on Wednesday showing little movement on the exchanges. Seaborne iron ore continues its momentarily slow but apparently unchecked descent on the wrong side of the $40/tonne level.
The May 2016 rebar contract on the Shanghai Futures Exchange closed up just CNY 1/tonne at CNY 1656/t ($257.6/t) while the same contract for hot rolled coil also closed up CNY 2/t at CNY 1731/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