08
Sep
01:00
Chinese steel recovers from record low
Chinese steel futures prices closed up on Tuesday after hitting record lows on Monday. Sentiment has been battered by the troubled stock market, struggling real estate sector and shrinking foreign exchange reserves this week, and fundamentals are doing nothing to cheer up traders, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed up CNY 24/tonne on Tuesday at CNY 1,949/t ($305/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