07
Jan
20:12
Steel futures dip again in Shanghai
Chinese steel futures prices moved southwards on Thursday. Both rebar and hot rolled coil saw falls.
The May 2016 rebar contract on the Shanghai Futures Exchange closed down CNY 3/tonne at CNY 1,773/t ($269/t).The same contract for HRC also dropped CNY 18/t to CNY 1,924/t at close of trading.
Baosteel has announced a price increase for flat products for February deliveries, Kallanish learns. HRC prices will increase by CNY 150/t while CRC prices will ris…
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Anonymous
Very good overview of the weekly steel market.
Anonymous