16
Mar
00:00
Chinese steel extends gains as iron ore stuck
Chinese steel futures prices continued their modest recovery on Monday, extending the turnaround stared last week. The iron ore market also managed to hold steady, although sentiment remained weak, Kallanish notes.
The October rebar contract on the Shanghai Futures Exchange closed up Yuan 20/tonne over the day’s trading to close at Yuan 2,520/t ($409/t). The May 2015 contract for hot rolled coil on the same exchange also gained Yuan 16/t to close at Yu…
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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