08
Dec
00:00
Chinese prices hold as sentiment battered
Chinese steel futures prices fell only slightly on Monday despite weak economic data. The iron ore market saw few deals but battered sentiment sent futures prices below $70/tonne once more, Kallanish notes.
The May 2015 rebar contract on the Shanghai Futures Exchange dropped Yuan 20/t over the day to close at Yuan 2,542/t ($414/t). The same contract for hot rolled coil meanwhile, lost just Yuan 2/t over the day to close at Yuan 2,872/t.
There were no …
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