30
Oct
00:00
Steel, iron ore tick up despite defaults and slow growth
Chinese steel futures prices continued to recover on Thursday and iron ore traded a little higher on GlobalORE. This was despite the continuing economic gloom, with the World Bank saying it expects China to revise down its 2015 GDP growth forecast. The Industrial and Commercial Bank of China (ICBC) also warned on growing non-performing loans, Kallanish notes.
The May 2015 rebar contract on the Shanghai Futures Exchange closed the day up Yuan 27/tonne at Yuan…
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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