20
Oct
19:13
Steel, iron ore steady as demand trumps sentiment
Chinese steel futures and seaborne iron ore prices were steady on Tuesday. Although sentiment took a hit on Monday, end user demand is sustaining current price levels.
On the Shanghai Futures Exchange the January 2021 rebar contract closed CNY 5/tonne higher than Monday at CNY 3,616/t ($540/t), while the same contract for hot rolled coil closed up CNY 5/t at CNY 3,745/t. In Tangshan, billet prices dropped CNY 20/t to CNY 3,400/t.
The Kallanish KORE 62% Fe index s…
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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