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steel news

20 Aug 26

News: Aug.20th Chinese market recap-

Aug.20th Chinese market recap- Coking coal is very tight supply recently and September futures started rising max limit then steel cost is very firm. Steel market is not so strong then price is changing in narrow range and price shows a little improved. Social inventory is less around 180000mt then…
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Sep.27th Chinese market recap- Crazy up stock market and physical steel

  • September 27, 2024
Sep.27th Chinese market recap- Crazy up in China both in stock market and physical steel and such warm condition may last after October holiday. With policy leading, Stock market approached 3100 and steel futures gained another 3% around with escalated inventory cut then price rose another 50-70rmb in most items.…
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Aug.20th – A long awaited rebound happened

  • August 20, 2024
Aug.20th Chinese market recap- A long awaited rebound happened and now market will come back to the fluctuation period again. Steel futures are pushed up roughly 2% when closed and mills’ more control capacity might help to support present rate and sharp falling last week had made the falling room…
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