04
Dec
10:48
Chinese steel prices hold despite real estate gloom
Chinese steel prices have slowed or stopped their decline over the last week as production cutbacks have finally begun to provide support. The demand side remain bleak however and a new report from the China Academy of Social Sciences (CASS) predicts little improvement in real estate over the next year at least, Kallanish notes.
The May 2016 rebar contract on the Shanghai Futures Exchange closed up CNY 1/tonne at CNY 1,650/t ($258/t), while the same contract for…
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