03
Feb
00:00
Chinese steel prices slump but iron ore slide halts
Chinese steel futures prices fell once more on Tuesday as sentiment remained weak and Shagang cut its ex-works prices. Iron ore held its ground however after prices hit new lows and little further change was expected in the run up to Chinese New Year.
The May 2015 rebar contract on the Shanghai Futures Exchange closed down Yuan 22/tonne at Yuan 2,474/t ($395.54) while the same contract for hot rolled coil closed down Yuan 20/t at Yuan 2,586/t.
Shagang…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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