09
Sep
10:38
Financial market panic hits steel futures
The sharp fall in US stock markets and crude oil prices caused panic in financial markets, putting pressure on the Shanghai Futures Exchange on Wednesday, Kallanish notes.
On the Shanghai Futures Exchange January 2021 rebar futures closed down CNY 61/tonne ($8.9/t) from Tuesday at CNY 3,658/t, while the same contract for hot rolled coil closed CNY 90/t lower at CNY 3,752/t. On the Dalian Commodity Exchange January 2021 iron ore settled down CNY 12.5/t at CNY 841/…
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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