01
Aug
07:43
Chinese steel prices rise as mills lift offers
Major Chinese steel mills have increased their early August construction steel offers slightly by CNY 30-80/tonne ($4.46-11.89/t). Steel futures prices meanwhile saw a far more modest increase on Tuesday than on Monday, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed up CNY 35/t at CNY 3,698/t, while the same contract for hot rolled coil closed up CNY 6/t at CNY 3,766/t. Spot trader offers in Shanghai were also steadily i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous