10
Jul
01:00
Steel prices steady as China house prices recover
Chinese steel prices held steady on Friday at levels sharply below last week. Continuing signs of recovering real estate sales may bolster sentiment, but real demand has yet to be affected, Kallanish notes.
The October rebar contract on the Shanghai Futures Exchange closed up CNY 32/tonne over Friday’s trading at CNY 2,007/t ($328/t), although this was actually up just CNY 3/t from Thursday’s close. The same contract for hot rolled coil also move…
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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