14
Jan
00:00
Chinese steel, iron ore prices stay weak
Another day, another fall in prices for iron ore and Chinese steel futures. Sentiment remained weak and the outlook bleak, with improved housing sales in China outweighed by increasing inventories, Kallanish notes.
The May 2015 rebar contract on the Shanghai Futures Exchange (SHFE) closed down Yuan 16/tonne on Wednesday at Yuan 2,487/t ($406/t), while the same contract for hot rolled coil dropped another Yuan 68/t to close at Yuan 2,670/t. The spre…
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Anonymous
Very good overview of the weekly steel market.
Anonymous