01
Jul
01:00
Steel, iron ore slide slowly as house price recovery continues
Seaborne iron ore and Chinese steel futures prices slid further on Wednesday, although not as sharply as Tuesday. Signs of further recovery in China's housing market were positive for sentiment but have little short term impact on steel demand, Kallanish notes.
The October rebar contract on the Shanghai Futures Exchange closed down CNY 7/tonne to CNY 2,124/t ($347/t), extending its record low. The same contract for hot rolled coil closed down CNY 15/t at…
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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