09
Dec
00:00
Steel futures steady despite output hike
Chinese steel futures prices held steady on Tuesday even as sentiment weakened on news that steel output had rebounded sharply at the end of November. Iron ore markets were quiet but sentiment also softened, Kallanish notes.
The May 2015 rebar contract on the Shanghai Futures Exchange lost Yuan 15/tonne over the day’s trading but still closed at Yuan 2,557/t ($413.2/t), up slightly from the previous day. The same contract for hot rolled coil dropped 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