19
Aug
01:00
Steel falls further despite some improvement in sentiment
Chinese steel futures prices fell further on Wednesday after strengthening last week. The slide happened despite a survey showing an improvement in sentiment in early-August and falling inventories, Kallanish notes.
The January rebar contract on the Shanghai Futures Exchange closed down CNY 14/tonne at CNY 2,044/t ($320/t), while the same contract for hot rolled coil lost CNY 25/t to CNY 2,052/t.
Macquarie’s monthly steel sentiment survey saw an…
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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