29
Sep
01:00
Chinese steel and iron ore prices lose more ground
Steel futures and iron ore prices sank further on Monday, reversing last Friday’s small rebound. The weak outlook for the market again halted any attempt to hold prices steady. This was not helped when figures were released showing China’s foreign debt is increasing, especially short-term debt.
The January 2015 rebar contract on the Shanghai Futures Exchange fell Yuan 60/tonne to Yuan 2,529/t ($411/t), while the same contract for hot rolled coil …
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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