24
May
12:47
Meeting on inflation hits steel futures
Chinese rebar and steel futures prices on Monday were hit by a joint meeting held by five national departments last Sunday. The meeting mentioned the upcoming regulation of spot and futures markets and sent sentiment spiralling downwards, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 138/tonne lower than the previous Friday at CNY 4,974/t ($773/t), while the same contract for HRC closed down CNY 177/t at CNY 5,31…
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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