04
Nov
00:00
Chinese steel prices stabilise for now
China’s steel futures contracts remained weak on Tuesday but managed to hold off Monday’s low close. Meanwhile, iron ore trading continued to focus on indices with two trades signed on GlobalORE. The uncertain impact of the APEC meeting in Beijing and a slight decline in iron ore port stocks and steel market inventories appeared to support the current level for now, Kallanish reports.
The May 2015 rebar contract on the Shanghai Futures Exchange s…
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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