12
Dec
03:12
Chinese steel futures surge with increased mill prices
Chinese steel futures prices firmed again on Monday on production restrictions and increasing ex-work list prices. The agreement by OPEC to restrict production has also pushed up ferrous, non-ferrous and chemical futures prices, Kallanish notes.
The May rebar contract on the Shanghai Futures Exchange closed up CNY 119/tonne at CNY 3,444/t ($499/t), while the same contract for hot rolled coil closed up CNY 75/t at CNY 3,770/t. Ferrous and chemical futur…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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