17
Jul
11:39
Softer GDP hits Chinese steel futures
Chinese steel futures started Monday with losses, as weaker-than-expected Chinese economic data for the first half of the year dampened market sentiment.
On the Shanghai Futures Exchange, the most-traded October 2023 rebar contract closed CNY 87/tonne lower than last Friday at CNY 3,687/t ($514/t), while the same contract for hot rolled coil lost CNY 83/t to CNY 3,791/t.
GDP grew 5.5% year-on-year in the first half of the year, accor…
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Anonymous
Very good overview of the weekly steel market.
Anonymous