10
Apr
14:08
Chinese steel firms as Xi makes promises
Chinese steel futures prices rallied on Tuesday, backed by stable Baosteel list prices. President Xi Jinping meanwhile promised further opening up, without actually detailing any new measures to do so, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 11/tonne higher than Monday at CNY 3,419/t ($542/t), while the same contract for hot rolled coil closed up CNY 15/t at CNY 3,531/t. In Tangshan, billet prices also increased by…
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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