01
Mar
12:02
Eastern China’s Shagang hiked longs prices aggressively on Thursday for the early-March period. A muted response from futures and spot prices however show real end user demand is needed for stronger prices, Kallanish notes.
On the Shanghai Futures Exchange the May futures contract closed at CNY 4,032/tonne ($637/t), CNY 12/t higher than Wednesday, while the same contract for hot rolled coil closed up CNY 7/t at CNY 4,094/t.
Shagang, followed as usu…
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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.
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