02
Dec
15:25
Surging iron ore drives Chinese steel futures higher
Surging iron ore prices have now pushed the Kallanish KORE 62% Fe index to its highest point since 11 December 2013. That has forced even rebar futures higher despite weaker construction steel demand.
On the Shanghai Futures Exchange the January 2021 rebar contract closed CNY 21/tonne higher than Tuesday at CNY 3,913/t ($596/t), while the same contract for hot rolled coil closed up CNY 89/t at CNY 4,267/t. In Tangshan, billet prices were flat at CNY 3,590/t.
The …
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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