15
Feb
08:24
Chinese stainless steel futures near record high
As nickel futures continue to rise and stainless steel supply remains tight in most cities, Chinese stainless steel futures climbed close to a record-high on Tuesday and prices have kept rising in spot markets, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded contract of stainless steel futures closed at CNY 18,795/tonne ($2,960/t) on Tuesday, approaching the record-high of CNY 18,820/t set on 20 January. Prices of the same product, 304 cold roll…
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Anonymous
Very good overview of the weekly steel market.
Anonymous