***CHINA STEEL WRAP: Steel prices jump after weekend

Steel prices for both longs and flats rose vigorously after the weekend on falling inventories, mill price hikes, and positive investment and liquidity news.

+ Spot hot rolled coil +1.1% to 3,620 yuan ($530)   + Steel mills raise longs prices by 30-50 yuan ($4.4-7.3) Steel prices for both longs and flats rose vigorously after the weekend on falling inventories, mill price hikes, and positive investment and liquidity news. The spot hot rolled coil price rose 40 yuan from last Friday to 3,620 yuan per tonne in the Shanghai spot market while spot...

Published

November 09, 2009

08:29 GMT

Shanghai