22
Jun
11:56
Chinese steel jumps while Shagang creates dynasty
Chinese steel futures prices increased more quickly on Wednesday as activity picked up and iron ore prices also gained Kallanish notes. At Shagang meanwhile, Shen Wenrong has apparently made way for his eldest son to take the reins of China’s largest private steelmaker.
The October rebar contract on the Shanghai Futures Exchange closed up CNY 58/tonne on Wednesday to CNY 2,143/t ($326/t), while the same contract for hot rolled coil closed up CNY 50/t …
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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