18
May
16:30
Steel up, iron ore down as see-sawing continues
Chinese steel futures prices were strong again on Thursday as buying continued, while iron ore prices slid back as mills cut buying. Oversupply is still as present as ever on iron ore markets but a slowdown in real estate threatens to extend that oversupply throughout the market.
On the Shanghai Futures Exchange the October rebar contract closed at CNY 3,144/tonne ($456/t), up CNY 78/t, while the same contract for hot rolled coil closed up CNY 51/t at CNY 3…
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Anonymous
Very good overview of the weekly steel market.
Anonymous