17
Jun
01:00
Chinese rebar hits new low, iron ore follows
Chinese steel futures prices continued to fall on Wednesday as the demand outlook remained bleak. Iron ore prices too continued to slide as the market prepares for its predicted weak spell, Kallanish notes.
Chinese rebar futures fell a new historic low on Wednesday, with the October 2015 contract on the Shanghai Futures Exchange closing down another CNY 43/tonne at CNY 2,223/t ($364/t). The same contract for hot rolled coil meanwhile closed down CNY 50/t at …
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Anonymous
Very good overview of the weekly steel market.
Anonymous