15
Jan
00:00
Steel and iron ore bottom out despite weak forecasts
Chinese steel futures prices finally levelled out again on 15 January after two weeks of declines. Iron ore prices even managed a rebound as buying ticked up on the GlobalORE exchange, Kallanish notes.
The May 2015 rebar contract on the Shanghai Futures Exchange closed up Yuan 32/tonne at Yuan 2,519/t ($412/t) while the same contract for hot rolled coil increased Yuan 10/t over the day to close at Yuan 2,692/t.
Iron ore saw a better recovery…
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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