16
Dec
16:05
Steel, iron ore continue their uptrend
Chinese steel futures and seaborne iron ore prices were again climbing steadily higher on Wednesday. Strong blast furnace activity is supporting iron ore prices, while steel market inventories are continuing to decline.
On the Shanghai Futures Exchange, the May 2021 rebar contract closed CNY 75/tonne ($11.48/t) higher than Tuesday at CNY 4,148/t, while the same contract for hot rolled coil close dup CNY 44/t at CNY 4,418/t. In Tangshan, billet prices increased ano…
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Anonymous
Very good overview of the weekly steel market.
Anonymous