17
Feb
10:43
Steel futures prices slide as China touts stability
Chinese steel futures settled slightly lower on Wednesday after gains earlier in the week. China’s National Development and Reform Commission (NDRC) held a rare press conference in the morning to send a message of economic stability but market response was muted, Kallanish notes.
The May rebar contract on the Shanghai Futures Exchange closed down CNY 10/tonne at CNY 1,861/t ($286/t), while the same contract for hot rolled oil closed down CNY 8/t at CNY 1,9…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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