25
Mar
11:33
Ferrous futures correct while inventory keeps falling
Chinese rebar and hot rolled coil futures corrected lower on Thursday, after increasing strongly the day before when HRC hit a new record high. An increase in rebar production is also impacting the optimism brought about by soaring demand, Kallanish notes.
On 25 March on the Shanghai Futures Exchange, May 2021 rebar futures closed CNY 21/tonne lower than Wednesday at CNY 4,795/t ($734/t), and the same contract for HRC closed down&nbs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous