11
May
09:53
Chinese steel prices rebound slightly
Chinese steel futures prices rebounded a little on Wednesday after rapidly decreasing in recent days. This up-tick may suggest a short term stabilisation of steel prices in next few days, Kallanish notes.
The October rebar contract on the Shanghai Futures Exchange closed up CNY 22/tonne at CNY 2,146/t ($330/t), while the same contract for hot rolled coil closed up CNY 30/t at CNY 2,304/t. The 62% Fe Australian iron ore fines price has also stabilised since yeste…
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Anonymous
Very good overview of the weekly steel market.
Anonymous