31
Mar
01:00
Chinese steel futures resume slide as iron ore extends low
Chinese steel futures prices could not hold steady after Monday’s pause, falling by another hefty margin on Tuesday and sending rebar back below $400/tonne. Iron ore meanwhile fell further towards $50/t as markets await more grim economic news this week, Kallanish notes.
The October 2015 rebar contract on the Shanghai Futures Exchange dropped another Yuan 38/t on Tuesday to close at Yuan 2,432/t ($396/t). The May 205 hot rolled coil contract on the sam…
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Anonymous
Very good overview of the weekly steel market.
Anonymous