02
Dec
00:00
Steel, iron ore weak as housing data points to slow turnaround
Chinese steel futures prices were struggling again on Tuesday after ending last week’s slight rebound and sentiment on the iron ore markets continued to soften. A survey of Chinese house prices suggested the market was flattening out but it will still take time after house prices rebound before significant steel demand will be generated, Kallanish notes.
The May rebar contract on the Shanghai Futures Exchange fell Yuan 22/tonne over the day to close 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