08
May
16:11
Steel, iron ore fade as BHP gets sued
Chinese steel and iron ore futures prices lost ground again on Wednesday as momentum faded from the increases on Tuesday. Iron ore volumes fell meanwhile, and BHP is facing a $5 billion legal claim over Samarco.
On the Shanghai Futures Exchange the October rebar contract closed at CNY 3,731/tonne ($552/t), CNY 36/t lower than Tuesday, while the same contract for hot rolled coil closed down CNY 45/t at CNY 3,687/t. In Tangshan, billet prices fell C…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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