12
Sep
01:00
Chinese rebar exits dive at $448/t
Chinese steel futures prices finally pulled up Friday after more than a week of successive declines. The recovery came after iron ore also finally found some support (see related article) but the outlook for steel prices remains poor, Kallanish observes.
The January 2015 rebar contract on the Shanghai Futures Exchange closed up Yuan 26/tonne at Yuan 2,790/t ($454/t) on 12 September, after hitting a low of Yuan 2,755/t ($448/t) during morning trading. The sam…
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Anonymous
Very good overview of the weekly steel market.
Anonymous