24
Nov
17:40
Steel, iron ore firm despite winter’s approach
Chinese rebar futures closed almost level from Tuesday but hot rolled coil futures and seaborne iron ore prices both made up ground lost on Monday. Although poor weather has hampered demand, some traders remain positive, Kallanish notes.
On the Shanghai Futures Exchange the January 2021 rebar contract closed CNY 1/tonne lower than Monday at CNY 3,910/t ($594/t), while the same contract for hot rolled coil closed up CNY 31/t at CNY 4,042/t. In Tangshan, billet pric…
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