23
Jun
14:25
Steel, iron ore firm as Brexit vote beckons
Chinese steel futures prices sustained their rally on Thursday while seaborne iron ore prices held firm after Wednesday’s jump. Expectations that the UK will remain part of the European Union helped support sentiment among financial players, although the outlook for steel fundamentals remains decidedly mixed.
The October rebar contract on the Shanghai Futures Exchange closed up another CNY 26/tonne at CNY 2,141/t ($325/t), while the same contract for hot r…
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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