Fri, Nov 28, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Metals and Minerals more

Steel rallying with Chinese builders beating mills: Commodities

Posted on 05 September 2013

The fastest Chinese steel output on record is still too slow to meet demand from builders, reducing inventories and driving prices toward a bull market. Production of steel reinforcement bars rose 14 percent to 113 million metric tons in the first seven months and stockpiles slumped 35 percent from an all-time high, data compiled by Bloomberg show.
Rebar, accounting for almost one-third of steel output in China, will average 4,000 yuan ($655) a ton in the fourth quarter, 7 percent more than now and the highest in more than a year, according to the median of 15 analyst estimates………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38163 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
November 2014
S M T W T F S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
30