25
Sep
12:20
Chinese steel prices end week down on overproduction
Chinese rebar prices fell last week with rebar futures at historic lows. Stagnant demand has come under pressure from robust steel production and analysts say output may be even higher than official figures, Kallanish notes.
The January 2016 rebar contract on the Shanghai Futures Exchange closed down CNY 4/tonne at CNY 1,891/t ($296/t), while the same contract for hot rolled coil was down CNY 2/t at CNY 1,916/t.
Physical rebar prices were also down …
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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