21
Jul
13:14
Steel futures fall slightly on tighter price controls
Chinese rebar and hot rolled coil futures fell slightly on Wednesday due to the central government’s intention to control prices again, but continued to fluctuate within a range, Kallanish notes.
On the Shanghai Futures Exchange the October rebar contract closed CNY 40/tonne lower than Tuesday at CNY 5,561/t ($858/t), and the same contract for HRC closed down CNY 50/t at CNY 5,918/t.
The National Development and Reform Commission said on Wednesday that…
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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