10
Jul
11:01
Chinese steel strong, Baosteel hikes prices
Chinese steel prices were firm again on Monday as construction activity picked up after heavy rains and heatwaves. Baosteel, meanwhile, said it was hiking flats prices for August, further boosting market sentiment, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed up CNY 55/tonne at CNY 3,442/t ($506/t), while the same contract for hot rolled coil closed up CNY 46/t at CNY 3,452/t. Construction steel demand was particu…
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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