21
Mar
11:54
Steel firms further as output hike delayed
Chinese steel prices gained again on Monday as demand continued to pick up from the weak winter. Data showing little change in steel output in early March suggested a tight market in the short term, although output is still expected to increase, Kallanish notes.
The October rebar contract on the Shanghai Futures Exchange closed up CNY 28/tonne on Monday at CNY 2,147/t ($332/t), while the May hot rolled coil contract closed up CNY 50/t at CNY 2,359/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