21
Apr
01:00
Steel, iron ore stay weak on continued concerns
Chinese steel futures prices fell slightly further on Tuesday as concerns over the Chinese economy and its steel demand continued. Iron ore prices moved little but sentiment was not helped by confirmation that Shandong Iron and Steel (Shangang) intends to produce 25 million tonnes/year of iron ore apparently at costs above market prices, Kallanish notes.
The October rebar contract on the Shanghai Futures Exchange closed down CNY 16/tonne at CNY 2,281/t ($372…
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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