09
Mar
08:30
Ferrous futures approach nine-month highs
Spurred by slumping inventories of overall finished steel nationwide, Chinese rebar and hot rolled coil futures rushed on Thursday to the highest levels since June last year, Kallanish notes.
On the Shanghai Futures Exchange, the most-traded May 2023 rebar contract closed CNY 64/tonne higher than Wednesday at CNY 4,313/t ($619/t), while the same contract for HRC lost CNY 2/t to CNY 4,341/t.
The weekly reduction in overall f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous