Archive for August 20th, 2009
Dramatic fall in Chinese steel prices, where next on Global Prices?
We spotted this report today at Reuters, quoting from the metal Bulletin.
After a months-long rally to a 10-month high last week, the
price of benchmark hot-rolled coil in China—which makes half
the world’s steel—plunged 7.6 percent to around 3,987.5 yuan
a tonne this week, data from Metal Bulletin showed.
That in turn has dragged iron ore prices off their [...]
Posted: August 20th, 2009 under Steel, Steel Comment, Steel International, Steel Prices.
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