21
Jun
11:49
Exchange inspection undermines steel futures
A joint investigation of the Beijing Iron Ore Trading Centre (COREX) by the National Development and Reform Commission (NDRC) and State Administration for Market Regulation caused markets to panic on Monday afternoon. This immediately triggered a sharp drop in Chinese rebar and hot rolled coil futures, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 172/tonne lower than the previous Friday at CNY 4,889/t ($756/t), …
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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