26
Nov
15:56
Iron ore, Chinese steel, fall back
Chinese steel futures and seaborne iron ore prices fell lower in unison on Tuesday. The correction after Monday's sharp increase was driven by economic uncertainties.
On the Shanghai Futures Exchange the January 2020 rebar contract closed at CNY 3,611/tonne ($513/t), CNY 86/t lower than Monday, while the same contract for hot rolled coil closed down CNY 49/t at CNY 3,533/t.
The Kallanish KORE 62% Fe index slipped $0.50/t to $87.49/dry metric ton…
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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