18
Nov
09:33
Steel prices slide on slow real estate recovery
Chinese steel futures prices slumped again on Wednesday as falling iron ore prices combined with disappointing real estate data. Although the figures do show some recovery in real estate prices, this remains concentrated in a handful of cities and are not enough to boost new investment, Kallanish notes.
The May 2016 rebar contract on the Shanghai Futures Exchange closed down CNY 16/tonne at CNY 1,736/t ($272/t), while the January hot rolled coil contract closed …
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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