05
Feb
00:00
Chinese steel, iron ore stabilise after reserve ratio cut
Chinese steel and imported iron ore prices were holding relatively steady on Thursday after China announced a cut in its bank reserve requirement ratio on Wednesday. Sentiment remained weak despite the credit injection, which was largely an attempt to counter falling foreign investment, Kallanish notes.
The May 2015 rebar contract on the Shanghai Futures Exchange lost Yuan 12/tonne over the day but still closed up Yuan 5/t at Yuan 2,472/t ($403/t). Meanwhile…
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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