17
Nov
13:44
Steel, iron ore jump as investigations tighten supply
Chinese steel futures and seaborne iron ore prices both jumped on Tuesday amid strong demand. Investigations into some steel products in eastern China have further tightened the market and supported prices.
On the Shanghai Futures Exchange the January 2021 rebar contract closed CNY 67/tonne higher than Monday at CNY 3,919/t ($596/t), while the same contract for hot rolled coil closed up CNY 55/t at CNY 4,053/t. In Tangshan, billet prices increased CNY 20/t to CNY …
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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