11
Feb
09:20
Steel futures gain but Shagang holds steady
Chinese steel futures prices increased on Monday as expected but pulled back slightly by the end of the day. Despite the strength of iron ore futures, the spot steel market has yet to fully restart after the holidays, and mills like Shagang are playing it safe, Kallanish notes.
On the Shanghai Futures Exchange the May rebar contract closed CNY 71/tonne higher than before the Lunar New Year holidays at CNY 3,825/t ($568/t). The same contract for hot rol…
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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