27
Apr
12:13
Chinese steel prices slump further
Chinese steel prices continued to collapse on Wednesday as the market entered a new less-optimistic phase. China’s industrial firms have seen profits grow in the first quarter but the steel industry performed poorly, Kallanish notes.
The October futures contract on the Shanghai Futures Exchange closed down CNY 96/tonne at CNY 2,500/t ($385/t), while the same contract for hot rolled coil closed down CNY 128/t at CNY 2,632/t. Volumes flattened out after fall…
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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